Economic Growth
Shehbaz Sharif 'ashamed' as Bangladesh edges Pakistan in economic growth
While lamenting its economy which is in shambles, Pakistani Prime Minister Shehbaz Sharif said that 'East Pakistan', present-day Bangladesh, was perceived as a 'burden' on the nation's shoulders, however, it is no more a case as the country has now achieved strides in economic growth.
Success of controlled free market economy impossible
In the same way that one cannot win a footrace with a rope tethered to their feet, a free market economy cannot thrive under restrictive conditions. A free market economy isn't synonymous with a laissez-faire approach; rather, it requires certain conditions to function optimally. Regulatory oversight is essential to ensure that the natural flow of the market isn't obstructed. Intervention should only occur in cases of abnormal circumstances.
‘Story of Bangladesh’s economic growth, development an inspiration for many countries’
World Bank Managing Director for Operations Anna Bjerde has reiterated the World Bank’s strong support to help Bangladesh achieve its vision of upper-middle income status by 2031.
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