Pursuing GDP growth at the expense of people’s well-being will bring it down.
“Per capita income is the income that is not seen by mass people but built on a few people.”
Bangladesh's economy has grown 8.13 per cent this fiscal year, the highest in its history, says Finance Minister AHM Mustafa Kamal while releasing a provisional estimate.
Imagine a world where you earn a decent living, the state treats you with fairness, there is little carbon emission in the environment...
Bangladesh's recent stable growth should not be branded as a low middle-income growth trap. Since independence, Bangladesh has consistently increased its average growth rate over every decade with a corresponding decrease in growth volatility.
There are very few programmes that exclusively target the extreme poor. A background paper has revealed the actualw amount allocated in the budget for the extreme poor may be even below 1 percent of the GDP.
We shall invariably see that the Defence Budget will be 'Guillotined' in the evening of June 30 with no discussion on the subject. Military issues have often been shrouded under the cloak of secrecy.
Though there are many views on 'inclusive growth', the key consensus is that inclusive growth is a growth process which reduces poverty, inequality and social exclusion and promotes 'decent' jobs and economic and social cohesion.
One of the key determinants behind this growth rate has been the accumulation of capital (i.e., investment). The regulatory environment for business in a country can have a direct impact on this...