It seems grossly inappropriate that in a country on its way to achieving middle-income status, there are still people dying from poverty.
Deep social change often come from people, social movements and civil society organisations, rarely from top down
While the participants in the Ukraine war are spending billions of dollars each day on weapons and other destructive arsenals, millions of people and the leaders in South Asia and Africa are passing days in anxiety with rising external debt, a strong dollar, lingering supply chain disruptions, and food shortages.
While the country is nearing the eradication of extreme poverty and undergoing robust economic advancement, it needs to remodel its outdated poverty measurement method in order to uncover the real picture of poverty, as suggested by eminent economist Wahiduddin Mahmud at a recent launch of two books on poverty and inequality.
A recent study by a think-tank has exposed the underbelly of the development scenario in Bangladesh in which rising GDP growth and rising income and wealth inequalities walk hand in hand.
From China to India, Asian countries' rapid economic expansion has lifted hundreds of millions of people out of poverty in recent decades. Yet the income distribution has lately worsened, with inequality now potentially even more severe in Asia than in the developed economies of the West.
Over the last 30 years, the phenomena of unchecked deregulation, privatisation, financial secrecy and globalisation has allowed big companies and well-connected individuals to use their power and influence to capture an increasing share of the benefits of economic growth. On the other side of the ledger, the benefits for the poorest have shrunk.
The richest one percent of the world's population now own more than the rest of us combined, aid group Oxfam says, on the eve of the World Economic Forum (WEF) in Davos.
In order to reduce inequality in Bangladesh, much more needs to be done to improve access to employment, health and education for the bottom half of the population.
It seems grossly inappropriate that in a country on its way to achieving middle-income status, there are still people dying from poverty.
Deep social change often come from people, social movements and civil society organisations, rarely from top down
While the participants in the Ukraine war are spending billions of dollars each day on weapons and other destructive arsenals, millions of people and the leaders in South Asia and Africa are passing days in anxiety with rising external debt, a strong dollar, lingering supply chain disruptions, and food shortages.
While the country is nearing the eradication of extreme poverty and undergoing robust economic advancement, it needs to remodel its outdated poverty measurement method in order to uncover the real picture of poverty, as suggested by eminent economist Wahiduddin Mahmud at a recent launch of two books on poverty and inequality.
A recent study by a think-tank has exposed the underbelly of the development scenario in Bangladesh in which rising GDP growth and rising income and wealth inequalities walk hand in hand.
From China to India, Asian countries' rapid economic expansion has lifted hundreds of millions of people out of poverty in recent decades. Yet the income distribution has lately worsened, with inequality now potentially even more severe in Asia than in the developed economies of the West.
Over the last 30 years, the phenomena of unchecked deregulation, privatisation, financial secrecy and globalisation has allowed big companies and well-connected individuals to use their power and influence to capture an increasing share of the benefits of economic growth. On the other side of the ledger, the benefits for the poorest have shrunk.
The richest one percent of the world's population now own more than the rest of us combined, aid group Oxfam says, on the eve of the World Economic Forum (WEF) in Davos.
In order to reduce inequality in Bangladesh, much more needs to be done to improve access to employment, health and education for the bottom half of the population.