Economics | The Daily Star
  • Learning from peers and graduates

    The outlook for the United Nations' (UN) list of least developed countries (LDCs) is finally looking optimistic after 47 years of lacklustre performance since the category's establishment in 1971. There have been 52 inclusions and only five graduations to date according to the UN Committee for Development Policy's (CDP) triennial reviews. Bangladesh, an LDC, remains on track for graduation.


    What negotiators should keep in mind

    The government of Bangladesh has recently formed a new wage board for the readymade garment (RMG) industry where 4.4 million workers are currently employed. There are around 45 industrial sectors in our country, each with its own set minimum wage. This means that there is no national minimum wage.

  • Clarifying the MIC-LDC confusion

    The national development discourse in Bangladesh often mistakenly considers graduating from the Least Developed Country (LDC) category and becoming a middle-income country (MIC) as interchangeable. Senior-level policymakers continue to express their aspiration for the country to join the middle-income group by 2021, which marks the 50th anniversary of Bangladesh's independence.

  • The elusive development model

    Remarkable growth experience and development of the East Asian countries (South Korea, Singapore, Taiwan, and Hong Kong) during the 1960s, 1970s, and 1980s led to the emergence of the discourse of “East Asian Development Model.”

  • A look back on the change in world economy during our era

    In the 21st century a much larger proportion of aggregate material progress has taken place in what our generation knew as the developing world. This growth has been multidimensional: income per person; increase in life expectancy, health and literacy; and reduction in the proportion of those who are in extreme poverty and destitution.

  • Closing the gap

    Reduction of gender inequality is a goal embraced by nations across the globe.

  • What's limiting our potential?

    Whenever there is a discussion about trade, investments, exports and economic growth, quite often much focus is placed upon infrastructure as the core challenge of our export growth. But is it the only hurdle?

  • Can we take some pointers?

    The annual budget of the central government of India is immediately preceded by an Economic Survey, designed to provide the background to the budget decisions.

  • The megaproject paradox

    I have been a voracious consumer of news trivia since my Dhaka University days when I was quite a BBC World News addict.

  • Harnessing ocean resources

    The Blue Economy is a new dimension of world economy which combines both aspects of economics and environment based on ocean

  • High tariff's impact on trade

    Bangladesh has made a major transition in its trade policy from a protectionist stance to a freer trade regime since the early 1990s as is reflected by the reduction in the average tariff rate from as high as 105 percent in 1990 to 13 percent in 2016

  • Why the third world should be worried about technological revolution

    2017 was a year of spectacle for technology enthusiasts. Robotics, Big Data, and social media have enjoyed the limelight while Elon Musk, Nick Bostrom and Stephen Hawking have raised concerns about developments in Artificial Intelligence (AI).

  • Paying a high price

    Living costs in Dhaka have soared so high that it's not just low-income groups struggling to make ends meet—the middle class is feeling the squeeze too.

  • Buoyant but not resilient

    With the year 2017 drawing to a close, we are left with both positive and not-so-positive observations from the country's stock market. We all know that after the crash in 2010, the market has been in the doldrums for several years.

  • Bringing multinationals to the stock market

    Bringing multinationals to the stock market is one of those long-standing policy challenges regulators have been grappling with for many years now. On the surface, it appears to be an issue of designing the right incentive structure.

  • Bangladesh's offensive and defensive interests

    The 11th Ministerial Conference of the WTO (WTO MC11) is going to take place in Buenos Aires, Argentina between December 10-13.

  • China's shift to high-tech: Can Bangladesh keep up?

    China remains the undisputed global giant in the textile and apparel industry. Its share of global apparel export is about 37 percent while the share of Bangladesh, the second largest readymade garment exporter in the world, is only about 6 percent.

  • Why tax cuts don't always boost GDP

    At a recent event in Dhaka, Dr Mirza Azizul Islam, the former finance adviser to caretaker government, identified a key dilemma that policymakers often face.

  • Emerging markets at risk again

    Emerging market governments often draw lessons from previous financial crises—or at least claim to do so—to prevent their recurrence. However, such preventive measures are typically designed to address the causes of the last crisis, not the next one.

  • World economic outlook for 2017 and beyond

    The year 2017 can be chalked down as a prosperous one for the world economy. Wherever we live, as we celebrate the end of a good year, we also welcome the incoming year, which, by all indications, we hope, will be a better one.

  • Bearing the economic cost of the Rohingya crisis

    Bangladesh has been taking in Rohingya refugees from Myanmar since the 70s, right after independence, and the rate accelerated in the 1990s. Currently, we are sheltering, feeding, and providing various assistance to well over a million refugees and it is possible that the situation might get worse before it gets better.

  • Bangladesh losing its geo-economic importance to Myanmar

    The Rohingya refugee crisis has exposed Bangladesh's diplomatic weaknesses. No permanent member of the United Nations Security Council has strongly backed Dhaka to solve the refugee problem.

  • The youth prioritises agriculture

    Discussions about development spending and reducing Bangladesh's climate vulnerability are often dominated—understandably—by politicians and donors. These are the decision-makers who affect how funds are spent.

  • Reading behind the numbers

    We have some good news to cheer. According to a report published by the World Economic Forum (WEF) Bangladesh has become more competitive in 2017 as compared with 2016.

  • Debunking the myth of clean coal

    The debate over the excessive reliance on coal-based thermal power generation has very little to do with our negligible role in the exponential accumulation of atmospheric GHGs. Just to give you some context, in 2013, coal's share in power generation was about three percent. The 2016 Power Sector Master Plan proposes to raise it to 50 percent, totalling about 20,000 megawatts by 2030.

  • Transforming electricity consumers into producers

    Tapping solar energy, Bangladesh has been able to provide access to electricity to over 12 percent of her population outside the grid network through the installation of more than 4.5 million solar home systems. Despite its huge potential, however, consumers of grid-connected electricity are yet to exploit the power of the sun to their advantage.

  • Running the final mile

    Bangladesh has endorsed elimination of poverty as a national goal, and the country can be proud of its achievements in this respect during the last 25 years.

  • Are we entering into a "jobless" growth phase in South Asia?

    Jobless" growth is the phenomenon when an economy experiences growth without an expansion of jobs. In recent times, South Asia is considered to be the fastest growing region in the world.

  • Greece is not out of the woods, yet

    For many years now, Greece has been considered the “sick man” of the European Union (EU). The Greek economy was on the verge of collapse right after the major world economic...

  • How to stimulate the stock market?

    One common discourse in the financial and policy arena of Bangladesh is the idea that higher rate on national savings schemes discourages investment in the stock market.