Dhaka, April 18 -- Rapid economic growth, if not accompanied by governance reforms, may ultimately undermine development and trigger instability, economists warn during a review of Bangladesh's politico-economic milieus.

The speakers came to such conclusion at a virtual discussion organised by the South Asian Network on Economic Modeling (SANEM) on Friday, as the country passes through crises and a rebound by turns.

Delivering the keynote titled 'The costs of denial: how economic growth undermines governance reform', Dr Shantayanan Devarajan, Professor at Georgetown University in Washington, DC, cautions that periods of strong growth often lead policymakers and international agencies to overlook governance failures.

"There is a tendenc...