Necessity of child protection in Bangladesh
by Sheikh Tausif Ahmed, Md Tuhin Ahmed | Nov 5, 2024 | Macroeconomy and Economic Growth
Demographically, Bangladesh is a comparatively young country with an expanding youth population. The 2022 census reported that- 63.76% of the population is aged 34 or under, while 38.64% is aged 19 or under. According to the nationally representative Multiple...
Navigating the Global Innovation Index: Strategic Directions for Firms and Industries in Bangladesh
by Afia Mubasshira Tiasha | Nov 5, 2024 | Macroeconomy and Economic Growth
Innovation elevates productivity by bringing in novel concepts, methods, and technological advancements that contribute to efficacy. That results in higher production from the same or fewer inputs, which is essential economic growth. The World Intellectual Property...
The structural issues facing RMG sector in Bangladesh
by Eshrat Sharmin | Nov 5, 2024 | Macroeconomy and Economic Growth
The RMG sector has been a significant driver of economic growth since the early nineties in Bangladesh. The sector accounts for more than 80% of Bangladesh's export earnings and employs around four million workers relying on low-cost labor as a competitive advantage...
Crony Capitalism in Bangladesh: Stifling Investment and Growth
by Selim Raihan | Nov 3, 2024 | Macroeconomy and Economic Growth
During the last decade, in the immediate past Awami Leagues' government, the economic landscape of Bangladesh had been defined by deepening crony capitalism - a situation in which business success is not defined by competitive advantage but by political connections...
Labor Reforms: Challenges and Opportunities Ahead
by Sheikh Tausif Ahmed, Eshrat Sharmin | Oct 6, 2024 | Macroeconomy and Economic Growth
The July Revolution requires an introspection regarding how the existing structural issues in the economic sphere, among other catalysts, facilitated the urge for change in the political sphere. This article will particularly look into the labor market challenges that...
Business Woes in Bangladesh: The Case for Immediate Reforms
by Ekramul Hasan, Takrem Ferdous Surid | Oct 6, 2024 | Macroeconomy and Economic Growth
Even a couple of years ago, Ease of Doing Business was used to be a major index highlighting business environment across the world and compatibility of the nations in harnessing Foreign Direct Investment (FDI). With hardly any alteration, Bangladesh continuously...
Rebuilding Social Infrastructure: Prioritizing Education, Health, and Social Safety Net
by Afia Mubasshira Tiasha, Shafa Tasneem | Oct 6, 2024 | Macroeconomy and Economic Growth
After the recent large-scale protest, Bangladesh is at a turning point in its history and is ready for a significant change in the country. At this critical juncture, social reforms will be the foundation of true progress promoting sustainable growth and raising...
Navigating Tax Reform Challenges in Bangladesh: A Path Forward
by Selim Raihan | Oct 6, 2024 | Macroeconomy and Economic Growth
Bangladesh, a country with a tax-to-GDP ratio as low as 7.5% - one of the lowest in the world - is not able to invest adequately in critical social sectors such as health, education, and social protection. Low revenue from taxes hinders economic growth and perpetuates...
Reforming Public Expenditure in Bangladesh: From Inefficiency to Impact
by Eshrat Sharmin, Sudeepto Roy | Sep 2, 2024 | Macroeconomy and Economic Growth
The effectiveness of public expenditure is particularly crucial for a developing country like Bangladesh, where resources are limited, and the needs are vast. Despite the significant allocation of resources over the years, the efficiency of public expenditure in...
An Analytical Narrative of the Governance Failures in the Banking Sector
by Sayema Haque Bidisha, Eshrat Sharmin, Lubaba Mahjabin | Sep 2, 2024 | Macroeconomy and Economic Growth
Though Bangladesh has made notable advancements in certain banking indicators, such as access and the depth of the banking system, poor governance, political meddling, and corruption in this sector has created increasing concern in recent years as for the past two...
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