Bangladesh's Economy
State action needed to harness demographic dividend
In the 1980s, the then military dictator General HM Ershad described uncontrolled population growth as the "number one national problem." Although his statement created a stir at the time, it was a completely misleading comment. Population growth, whether planned or unplanned, can never be the number one national problem for a country. Population is an irreplaceable resource. The progress of the world cannot be imagined without it. If population is systematically trained and transformed into a skilled and productive workforce, it becomes the nation's greatest asset. However, if population growth is unmanaged, it becomes a burden for the country. The responsibility of turning the population into human capital lies solely with the state. The state cannot escape the blame for its failure to do so.
Political shifts occur, but market syndicates persist
It has been less than two and a half months since the interim government took charge, making it premature to conduct an in-depth analysis of its successes or failures. This government assumed responsibility amid complex challenges in both the political and economic realms. Its primary duty is to enact effective reforms in political and economic sectors to facilitate broad-based, participatory national elections that are considered credible both nationally and internationally. With this objective, the government has embarked on various reform initiatives, forming several committees to propose recommendations, which are expected within the next three months.
No alternative to the new labor market
Remittances are one of the major driving forces of Bangladesh's economy. With hopes of higher wages, improved working environments, and better standards of living, people leave their homeland for opportunities abroad. The remittances sent by these expatriates play a crucial role in enriching the economy of their home country. Alongside increasing individual incomes, they contribute to overall GDP growth. Remittances thus hold a significant role in Bangladesh's economic landscape.
ISPR requests not to get misled by rumours over security of St. Martin’s
Inter Services Public Relation Directorate (ISPR) has urged all not to be misguided by rumours spreading through social media over the security of St. Martin’s island centering Myanmar's ongoing internal conflict near the island.
Development of rural economy to change the country
Historians often argue that no dynasty can endure for more than a century with supreme majesty. The dynasty must face challenges within this time. This belief applies not only to the ruling families but also to individuals and normal households. The trajectory of wealth and influence follows a similar pattern, where what is prestigious today may falter tomorrow. This principle is evident in rural economies and family dynamics, where inheritance is seldom equal, and prosperity can swiftly shift. Once affluent families may find themselves impoverished over time, reflecting the ongoing flux characteristic of rural life.
Trending Views
