Economics

Pitfalls of Junk Economics

According to a 2018 report by Oxfam International, “Eighty-two percent of the wealth generated last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half of the world saw no increase in their wealth.
The Literature of Economics

Economics has long held a reputation of being an inaccessible social science. We are daunted by its intricacies, technicalities and ambiguities.
Brexit and its economic fallout

The United Kingdom is now in the midst of a Shakespearean dilemma, “to stay or not to stay”. Voters will decide in a referendum on June 23...
Monopoly's New Era

For 200 years, there have been two schools of thought about what determines the distribution of income – and how the economy functions.
Does Bangladesh deserve a higher sovereign rating?

In Fiscal Year (FY) 2014-15, global sovereign rating agencies Moody's, Standard & Poor's and Fitch assigned Bangladesh a 'stable' sovereign credit outlook.
The US Election and the Global Economy

Big changes are underway in the United States, as the country gears up to elect a new president, one-third of the Senate, and the entire House of Representatives this November. The outcome will have profound consequences for US economic policy, and thus for the global economy.
Stellar growth

Bangladesh is now one of the fastest growing economies in the world, riding on a stellar performance of the manufacturing sector and hard work of farmers and migrant workers. Out of 58 countries with a population of at least 20 million each, only 17, including Bangladesh, China, India and Sri Lanka, achieved an average GDP growth of six percent and more, shows the World Bank's analysis of growth performance of countries in a decade till 2014.
ECONOMIC DEVELOPMENTS IN 2015

The year 2015 is ending with some positive notes for the Bangladesh economy, though challenges continue to accompany them.
When inequality kills

It is perhaps true that unhealthy habits are more concentrated among poor Americans, a disproportionate number of whom are black. But these habits themselves are a consequence of economic conditions, not to mention the stresses of racism.
What are its shortcomings?

The Sustainable Development Goals (SDGs) have stressed the importance of TVET under Goal 4, which aims to substantially increase the number of youth and adults who have relevant technical and vocational skills..
Rural transformation in focus

RURAL Bangladesh is changing its face. Both physically and structurally. With the rise of various new and emerging activities
Anatomy of two E-waste disasters

Discarded end-of-life electronic and electrical devices, or e-waste, are the fastest growing waste stream in the world.
Japan relapses into recession in July-Sept

Japan's economy slid back into recession in July-September as uncertainty over the overseas outlook hurt business investment.
Export diversification - Myths and realities

Industrial policy needs to address issues of education and skill development for facilitating higher capabilities for export diversification, attracting FDI and integrating with the global value chain.
THE NOBEL MIND ON ECONOMIES OF POOR COUNTRIES

THE winner of the 2015 Nobel Prize in the field of economics, Angus Deaton, professor of Economics and International Affairs of the Woodrow Wilson School of Public and International Affairs, Princeton University, spent his career working on consumption, poverty and inequality.
Weak States, Poor Countries

Unfortunately, the world's rich countries currently are making things worse. Foreign aid – transfers from rich countries to poor countries – has much to its credit, particularly in terms of health care, with many people alive today who would otherwise be dead. But foreign aid also undermines the development of local state capacity.
Fanatics won't be a barrier to girls' education: PM

Prime Minister Sheikh Hasina says fundamentalism or fanaticism would not be a barrier to girls' education in Bangladesh as the people are conscious about which is good for them and which is not.
Is the Renminbi ready to go global?

Pressure from the IMF suggests that, with time China will indeed move towards a more open capital market. But that creates other challenges for Asia's largest economy.
America in the Way

The third Interna-tional Conference on Financing for Development recently convened in Ethiopia's capital, Addis Ababa.
All eyes on the South

In this backdrop attention has been shifted towards the emerging economies in the global South which have shown promises through strong economic growth during the last two decades.
'Beautiful Mind' mathematician killed

US mathematician John Nash, whose life story was turned into the Oscar-winning film A Beautiful Mind, dies in a car crash
Bangladesh performs well in inclusive growth

AS per a report published by ESCAP titled 'Economic and Social Survey of Asia and the Pacific 2015', Bangladesh is ahead of both India and Pakistan in terms of inclusive growth.
Tokyo's policy of pacifism coming under threat

Shinzo Abe much heralded economic policy, dubbed as “Abenomics” by his enthusiastic supporters, had been able to lift the Nikkei to an all-time high in the last one-and-half decades. However, purses of the majority of the Japanese people still remain very tight.
Is it a sustained driver of economic growth and employment creation?

There is need for a well-designed and effective industrial policy wherein monetary (interest rate subsidies) and fiscal incentives (reduced taxes or tax holidays) should be transparent and time-bound.
Transforming Economies, Realising Rights

Ultimately, upholding women's rights will not only make economies work for women, it will also benefit societies as a whole by creating a fairer and more sustainable future.
Transforming Economies, Realising Rights

Ultimately, upholding women's rights will not only make economies work for women, it will also benefit societies as a whole by creating a fairer and more sustainable future.
ADB cuts GDP growth to 6.1pc

Asian Development Bank revises down its growth projection for Bangladesh to 6.1 percent for 2015 fiscal from its earlier projection of 6.4 percent.
Redefining goals of the upcoming budget

THIS is the time of the year that draws the attention of most people on economic and financial matters. The Finance Ministry and the National
Can we eradicate extreme poverty in Bangladesh?

EXTREME poverty is officially defined in Bangladesh in terms of total living expenses of a family falling short of the cost of minimum
When Politics Stifles Economic Growth

THE significance of political factors on economic performance is well established in the theoretical and empirical literature. Channels of political impact on the economy are many. Political instability takes a toll on economic growth through lower investment and subdued economic activities.