Economic Growth
Economic significance of women's empowerment goes beyond GDP growth
Bangladesh is a small country in South Asia with a population of 172.92 million. Over the past few decades, the country has emerged as a development success story. Currently, the female population in Bangladesh is 88.07 million, slightly higher than the male population of 84.85 million. Although women are an important part of the country's demographic and economic reality, gender disparities in education, employment and professional representation are still evident, highlighting the need to take more initiatives to empower women economically. Women's empowerment is not only a social imperative, but also an economic imperative for Bangladesh. By removing barriers to women's participation and advancement in various economic activities, the country can unlock significant economic potential and accelerate the pace of development.
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.
Trending Views
