OPEN SKY | The Daily Star
  • Ten Years of The Great Recession: The American economy is back on its feet

    The US economy has turned back. The last quarter posted three percent growth—much higher than their long-term two percent growth. US GDP has crossed the USD 19 trillion mark for a population size of 326 million, making per capita income USD 59,000 annually.

  • Private credit growth: Where is this money going?

    Private credit growth hit a five-year high in August, giving rise to more concerns than hope.

  • A fair recruitment policy for a stronger government

    America took capitalism and the market economy as the basis for its economic model from the first day of its independence in the late 18th century. In the subsequent centuries, the US continued its progress as the market economy fosters the culture of competition and empowers the customers to choose the best out of many alternatives.

  • Why reforming the public service sector is so crucial

    This type of brainstorming is almost entirely absent in our bureaucracy. In most cases, you are a good officer as long as you can memorise the existing circulars and follow them to the T.

  • A sweet budget turns sour

    This year's budget eventually turned sour though its components are fine. The major aspects of the budget can be fit into a pentagon model that has five components.

  • Rescue plan for 2018

    While we learned not to put all eggs in one basket, dumping all rotten apples in one basket might seem rather prudent. When two

  • What the banking sector gets and loses

    The budget, which is basically an annual outline of fiscal policy, has over time turned into an all-encompassing document for the

  • Why politicians and economists don't get along

    Rarely have we seen both politicians and economists dance together and play the same tune on the state of the economy.

  • A pentagon model to make the budget simpler

    If we compare an economy to an aeroplane, fiscal policy and monetary policy would be its two wings.

  • The ills of too much maya

    The word maya originates from Sanskrit, meaning attraction that you feel for your loved ones with a sense of bond and attachment.

  • Fighting the financial hemorrhage

    We live in a notoriously polluted city of the world, and still we choose to live here because we have a dream. We live in a system where

  • Roadblocks to our potential growth

    When a mother claims that her son could have achieved a grade of A though he actually earned B+, we understand the son performed below his potential and did not work to his fullest capacity for the test.

  • Why have we failed to promote tourism?

    We ‘gloriously' occupied the 125th position among 136 nations of the world in the Tourism Competitive Index 2017 – we have been ranked the worst place to visit in South Asia.

  • How to prevent the free fall of remittances

    On the sidelines of an investment summit in Singapore in 2015, I wanted to act like Caliph Haroon and make a foray into the illegal remittance market to find out why people prefer hundi (used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions) over legal channels.

  • How to 'empower' economic growth

    Empowering' economic growth should be the prime agenda for the nation right now when growth is slowing down. This is a challenging task that can be done by ensuring the marriage of optimal investment policies with the right institutions.

  • The failure of the Happiness Index

    My next-door neighbour in upstate New York was an old woman named June. Her husband Herbert was housed in a care centre for the elderly. They had grown-up kids living in different states of the US from where they made rare visits to their parents.

  • When greed takes over

    One of the plays of five-time nominee for the Nobel Prize, Maxim Gorky, was improvised in Bengali and was named Abirampaurutibhakshan (eating loaves continuously).

  • A booster for default syndrome

    When I joined the central bank more than two years ago, I witnessed the proposal of big loan restructuring. One phrase economists care about is “moral hazards.”

  • Making the budget more vibrant

    The budget is a seasonal music that hardly runs out of notes. Most people criticise it as ambitious although that is how it ought to be.

  • Sanchaypatra: The Titanic will sink

    In 1971, my father took us to Meghalaya where our painful refugee life began. We were on daily rations. As a little boy, I used to stand in the queue and sometimes rations ran out before I reached the counter.

  • Love Bangla but do not hate English

    The two tests my school friends hated the most were English and Math. When I was a college boy at a Dhaka residential school, one of my friends did not eat egg for breakfast on the date of English exams lest he scores less in the subject.

  • PATALRAIL FOR DHAKA: The nation has no alternative

    My university in Upstate New York once sent all its faculty members to Raquette Lake for meditation and brainstorming research ideas.

  • Monetary policy for a 'grandson' economy

    After the announcement of the new monetary policy for January-June 2017, the stock market faced a rapid decline, suggesting a negative response of the capital market to the central bank's stance and attitude.

  • Is globalisation reversible?

    Over every summer, I leave the US to visit my village in Nalitabari where I look after construction work and run an online class for the students of mainly upstate New York.

  • Why institutions are so important for growth

    In 1900, Argentina looked like a promising country with respectable growth. It was queueing to be an industrialised country like many other western European nations.

  • Aiming for higher growth in 2017

    The challenges on the international front the year 2017 will pose will be less impactful than domestic debility in private investment. Macro stability will continue to persist without remarkable improvement in the financial sector.