Tuesday, 18 August 2015

Evaluation of Bangladesh's economic performance and strategy for the future

Please share and circulate as you wish/like. Your feedback (public comments on bdnews24 link appears with a few hours lag) will be appreciated.

Evaluation of economic performance

Basics for non-experts:

I find (not scientific/statistically rigorous though) that:

a. Performance does not really vary across political/governance regimes, contrary to the claims of the politicians as usual.
b. While good, BD performance does not necessarily fare that well vis-a-vis other countries in the region and elsewhere.
c. It seems nearly impossible to become Upper Middle Income (UMI) country by 2021 (as the PM wishes) or even by 2031.
d. Becoming UMI needs to reorient the economic strategy [conclusion section].

Regards.  -- Mahtab

PS: I wish to acknowledge the vigorous discussions (on related issues) that I had with my DU Econ classmates and of course the teachings of my Econ teachers. Any error/omission is solely mine.

Wednesday, 5 August 2015

The Basics of a Country's Economic Performance


Mo Chaudhury

Economic performance: The basics

August 5, 2015

BANGLADESH-ECONOMY-AGRICULTUREOnce ridiculed as the "bottomless basket", Bangladesh has recently been awarded the status of a lower middle income country by the World Bank (WB) as the Gross National Income (GNI) per capita of Bangladesh exceeded the $1,046 threshold. It is indeed a great moment of redemption and pride for the nation. However, it is not readily clear to many Bangladeshis (except the economists and the experts), what exactly the achievement of this momentous milestone means. This commentary explains, for the general readership, the basics of national income measurement.

- See more at: http://opinion.bdnews24.com/2015/08/05/economic-performance-the-basics/#sthash.CkPigFnk.dpuf