In 1960, China’s GDP per capita was USD 89.52. Until about the mid-1990s, China was a low-income country, with a per capita income of USD 317 in 1990.
The developing countries of the world started taking various activities for economic development in the sixties. After five decades, different countries have reached different stages of development.
The latest monetary policy was declared yesterday, while the previous one was in July 2020. In my immediate reaction I want to question why monetary policies should come about on a yearly basis.
Gone are the days of disagreement over aggregate demand management policy based on Keynesian approach or a fixed target on quantity of money supply following the “monetarist approach”.
It was around 7 pm in Dallas, Texas on April 27 (6 am on April 28 in Dhaka), when I received a phone call from a colleague at BRAC University.
The title of this article should not mislead you; the title is just to provoke you to think seriously and act boldly.
It was in March 1979 when I met Sir Fazle Hasan Abed for the first time. He called me for a job interview. I met him at his modest office of the then Bangladesh Rural Advancement Committee (BRAC) on Circular Road, Moghbazar.