Bangladesh is a small country of South East-Asia. The country achieved independence in 1971 through a bloody war of nine months and started her painful journey there from. Like many other things, the economy of Bangladesh was destroyed due to the liberation war. Geographically the country is considered a natural disaster prone country. Natural disasters like floods, cyclones, tidal-bores, draught etc. very frequently visit this small country and transfix its economy very ruthlessly. Overpopulation, disease, famine, illiteracy, poverty, unemployment, political unrest and instability etc. are the salient features of the country. It is only a decade or so that its economy assumed diverged dimension from solely an agro- based economy. Foreign grants and aids were also inseparable factors of the economy. But those days are no more. Its economic situation has quite reversed for the better and its features and prospects are worth praising. It has already started making outstanding strides and marching forward on the path of a sustainable development and advancement. All the indices regarding economy show positive signs of development. Taking recent Bangladesh economy into account, some eminent Economists and international organizations have opined that the country is going to be included among the next eleven rapid growing economies after BRICS. The researchers have tried to explain the nature and behavior of various variables related to the development of the economy from the periods of 1989-90 to 2011-12. The relevant data and statistics show that the behavior of the variables is very interesting. The researchers have also noticed some major problems. If the government and authorities concerned make proper endeavor to solve these problems, it is strongly hoped that the country will emerge as a middle income group country by 2022.
| Published in | International Journal of Economic Behavior and Organization (Volume 2, Issue 3) |
| DOI | 10.11648/j.ijebo.20140203.11 |
| Page(s) | 29-36 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2014. Published by Science Publishing Group |
Growth, Development, Agriculture, Readymade Garments, Foreign Remittance
| [1] | Awwal, I., 1992, Conditions of Indigenous Industries, Asiatic Society, Dhaka, pp. 332-336 |
| [2] | Bangladesh Bank, 2014, Quarterly Report, Statistics Department, Dhaka, p.1 |
| [3] | BGMEA, 2014, BGMEA at a Glance, Dhaka.p.1. |
| [4] | Government of Bangladesh, 1995, Bangladesh Statistical Year Book, Bangladesh Bureau of Statistics, pp. 25,459, 487,543 |
| [5] | Government of Bangladesh, 2012, Bangladesh Economic Review, Economic Adviser’s Wing, Finance Division, Ministry of Finance, www.mof.gov.bd, pp. XV, 97,100,102, 103, 201, 223-230, 291, 293, 296, 343, 344, 345, 346,352, 354 |
| [6] | Government of Bangladesh, 1996, Bangladesh Economic Review, Economic Adviser’s Wing, Finance Division, Ministry of Finance, www.mof.gov.bd, p.40,51, Ap.3, 5, 11, 22, 43 |
| [7] | Islam, M., 2013. Economy of Bangladesh: A sign of Development, Prothom Alo, Dhaka. pp. 4-5. |
| [8] | Rahman, H.M., 2013, Bangladesh Paradox. Prothom Alo, Dhaka, pp. 1-2. |
APA Style
Md. Shafiul Alam, Md. Zakir Hossain. (2014). The Economy of Bangladesh: Making Wonderful Strides Ahead. International Journal of Economic Behavior and Organization, 2(3), 29-36. https://doi.org/10.11648/j.ijebo.20140203.11
ACS Style
Md. Shafiul Alam; Md. Zakir Hossain. The Economy of Bangladesh: Making Wonderful Strides Ahead. Int. J. Econ. Behav. Organ. 2014, 2(3), 29-36. doi: 10.11648/j.ijebo.20140203.11
AMA Style
Md. Shafiul Alam, Md. Zakir Hossain. The Economy of Bangladesh: Making Wonderful Strides Ahead. Int J Econ Behav Organ. 2014;2(3):29-36. doi: 10.11648/j.ijebo.20140203.11
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Download@article{10.11648/j.ijebo.20140203.11,
author = {Md. Shafiul Alam and Md. Zakir Hossain},
title = {The Economy of Bangladesh: Making Wonderful Strides Ahead},
journal = {International Journal of Economic Behavior and Organization},
volume = {2},
number = {3},
pages = {29-36},
doi = {10.11648/j.ijebo.20140203.11},
url = {https://doi.org/10.11648/j.ijebo.20140203.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijebo.20140203.11},
abstract = {Bangladesh is a small country of South East-Asia. The country achieved independence in 1971 through a bloody war of nine months and started her painful journey there from. Like many other things, the economy of Bangladesh was destroyed due to the liberation war. Geographically the country is considered a natural disaster prone country. Natural disasters like floods, cyclones, tidal-bores, draught etc. very frequently visit this small country and transfix its economy very ruthlessly. Overpopulation, disease, famine, illiteracy, poverty, unemployment, political unrest and instability etc. are the salient features of the country. It is only a decade or so that its economy assumed diverged dimension from solely an agro- based economy. Foreign grants and aids were also inseparable factors of the economy. But those days are no more. Its economic situation has quite reversed for the better and its features and prospects are worth praising. It has already started making outstanding strides and marching forward on the path of a sustainable development and advancement. All the indices regarding economy show positive signs of development. Taking recent Bangladesh economy into account, some eminent Economists and international organizations have opined that the country is going to be included among the next eleven rapid growing economies after BRICS. The researchers have tried to explain the nature and behavior of various variables related to the development of the economy from the periods of 1989-90 to 2011-12. The relevant data and statistics show that the behavior of the variables is very interesting. The researchers have also noticed some major problems. If the government and authorities concerned make proper endeavor to solve these problems, it is strongly hoped that the country will emerge as a middle income group country by 2022.},
year = {2014}
}
TY - JOUR T1 - The Economy of Bangladesh: Making Wonderful Strides Ahead AU - Md. Shafiul Alam AU - Md. Zakir Hossain Y1 - 2014/06/30 PY - 2014 N1 - https://doi.org/10.11648/j.ijebo.20140203.11 DO - 10.11648/j.ijebo.20140203.11 T2 - International Journal of Economic Behavior and Organization JF - International Journal of Economic Behavior and Organization JO - International Journal of Economic Behavior and Organization SP - 29 EP - 36 PB - Science Publishing Group SN - 2328-7616 UR - https://doi.org/10.11648/j.ijebo.20140203.11 AB - Bangladesh is a small country of South East-Asia. The country achieved independence in 1971 through a bloody war of nine months and started her painful journey there from. Like many other things, the economy of Bangladesh was destroyed due to the liberation war. Geographically the country is considered a natural disaster prone country. Natural disasters like floods, cyclones, tidal-bores, draught etc. very frequently visit this small country and transfix its economy very ruthlessly. Overpopulation, disease, famine, illiteracy, poverty, unemployment, political unrest and instability etc. are the salient features of the country. It is only a decade or so that its economy assumed diverged dimension from solely an agro- based economy. Foreign grants and aids were also inseparable factors of the economy. But those days are no more. Its economic situation has quite reversed for the better and its features and prospects are worth praising. It has already started making outstanding strides and marching forward on the path of a sustainable development and advancement. All the indices regarding economy show positive signs of development. Taking recent Bangladesh economy into account, some eminent Economists and international organizations have opined that the country is going to be included among the next eleven rapid growing economies after BRICS. The researchers have tried to explain the nature and behavior of various variables related to the development of the economy from the periods of 1989-90 to 2011-12. The relevant data and statistics show that the behavior of the variables is very interesting. The researchers have also noticed some major problems. If the government and authorities concerned make proper endeavor to solve these problems, it is strongly hoped that the country will emerge as a middle income group country by 2022. VL - 2 IS - 3 ER -
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