Bangladesh, a developing country, is relatively unknown in the globalized world and is often confused with its dominant neighbor, India. The country as we see it now did not exist even 50 years ago.…
Although one of the world 's poorest and most densely populated countries, Bangladesh has made major strides to meet the food needs of its increasing population, through increased domestic production augmented by imports. The land is devoted mainly to rice and jute cultivation, although wheat production has increased in recent years; the country is largely self-sufficient in rice production. Nonetheless, an estimated 10% to 15% of the population faces serious nutritional risk. Bangladesh 's predominantly agricultural economy depends heavily on an erratic monsoonal cycle, with periodic flooding and drought. Although improving, infrastructure to support transportation, communications, and power supply is poorly developed. Bangladesh is limited in its reserves of coal and oil, and its industrial base is weak. The country 's main endowments include its vast human resource base, rich agricultural land, relatively abundant water, and substantial reserves of natural gas. Following the violent events of 1971 during the fight for independence, Bangladesh--with the help of large infusions of donor relief and development aid--slowly began to turn its attention to developing new industrial capacity and rehabilitating its economy. The static economic model adopted by its early leadership, however--including the nationalization of much of the industrial sector--resulted in inefficiency and economic stagnation. Beginning in late 1975, the government gradually gave greater scope to private sector participation in the economy, a pattern that has continued. A few state-owned enterprises have been privatized, but many, including major portions of the banking and jute sectors, remain under government control. Population growth, inefficiency in the public…
Bangladesh in Transition Emily Drew Introduction On February 3, 2001, half a million Bangladeshi citizens gathered in Dhaka to participate in a social movement that demonstrated against human rights abuses, economic injustice, and political corruption. At “The Peoples’ Grand Rally,” the United Citizen’s Movement (UCM) presented a 10-point declaration that demanded “strengthening democracy, ensuring good governance and free election, fighting communalism and corruption, empowering women, …and resisting the enemies of independence.”i The rally also spoke out against corrupt state-business relations. “True [economic] development is not possible without fair politics,” said Dr. Qazi Faruque Ahmed, the Secretary General of UCM.ii He derided those opposed to liberal democracy, especially those in favor of military rule, and stressed that they “must be resisted in every ward, village, and town of the country.”iii Changes in local political culture, he noted, would be imperative in developing citizens’ political expectations for reforming national politics. The rally embodied free speech and the right to assemble. Speakers recognized the importance of protecting human rights, and practicing free and fair elections and economics. In 2001, Bangladesh seemed to be moving toward democratic consolidation, as a democratic political culture spread along with economic reforms and increased bureaucratic transparency. Organizations like the United Citizen’s Movement were gaining influence and membership; foreign direct investment increased; and women became more involved with grassroots organizations, and continued to gain financial independence through Bangladesh’s micro-loan programs. By 2002, however, Freedom House declared Bangladesh “Not Free” for the first time since 1975-1976.iv Largely due to press harassment, increased human rights violations, and loss of transparency, this downgrade proves that Bangladesh is not able to maintain its democratic structure and ideas in order…
Bangladesh is a south Asian country. It is also known as a part of the third world country. Bangladesh has a unstable economy, and in the 21st century we are still dependent on our agricultural economic structure. We are trying quite hard to put an impact in the world economic system. For this we are pursuing the trend of the modernization of the western world. Still we are facing the economic instability. Changing the aspect of our industrialization and economic perspective we are trying our best to fit in the world economic system. To the economic system we are the agriculture based third world country, trying to reach the top.…
After December 1971 Bangladesh was expected to be a prosperous economy by eradication of poverty & utilization of political freedom to avail economic liberation. With great ambitions in eyes & high responsibilities on the shoulder, Bangladesh reached to the 20th century with some achievements & lots of disappointments.…
This piece will look to identify and evaluate barriers to growth and development in Bangladesh, and then suggest ways of overcoming those barriers. Bangladesh has achieved significant results in her economic sector since her independence in 1971. Through the Nationalization Order of 1972, all key industries including jute, cotton textiles and sugar were vested upon the public sector. The wholesale nationalization of industries resulted in a low growth of the economy. The Gross National Product (GNP) per capita of the country grew at an average annual rate of 0.4 per cent until 1985 compared to 3.8 per cent for the group of low income countries (The World Development Report, 1989). The low growth performance of the economy put pressures on the government to privatize major industries and to undertake economic reforms.…
contributing factor of the social and economic development in Bangladesh. There should be initiative from the…
Bangladesh is an emerging economy in the world. The improvement of its economy also depends on the performance of its BoP.…
The importance of agriculture in Bangladesh needs no elaboration. It plays a pivotal role in…
Despite serious problems related to a dysfunctional political system, weak governance, and pervasive corruption, Bangladesh remains one of the few democracies in the Muslim world. Bangladeshis regard democracy as an important legacy of their bloody war for independence, and they vote in large numbers. However, democratic institutions and practices remain weak.…
Bangladesh emerged from its war of independence desperately poor, overpopulated, and reeling from overwhelming war damage to its institutional and physical capital. It was not until 1978/79 that per capita income had recovered to its pre-independence level. The economy was ravaged by acute food shortages and famines during the early years. According to some authors, Bangladesh was designated as a “test case” for development, and Henry Kissinger called it “an international basket case.”(Faaland and Parkinson, 1976)…
Bangladesh is located in South Asia. It is the seventh most populous country in the world and is mostly densely inhabited. The poverty level, however, has fallen by more than 20%, helped by its prominent agricultural sector. The Bangladeshi economy is helped by its big garment sector, which contributes more than two-thirds of the country’s trade. The major challenge to prosperous growth is the vulnerability of the land to cyclones and floods. However, even with such challenges, Bangladesh has experienced a growth rate of 5% since 1990. This growth has been helped by remittances from expatriates as well.…
The purpose of this report is to familiarize you with the basic techniques and principles…
From the very begging of Bangladesh’s birth in 1971, different political parties are used their political to impetus…
Bangladesh is an agriculture based country with a huge population about 164.4 million. Its area is about 147,570 km. It’s a country of six seasons.…