• Monday, Nov 28, 2022
  • Last Update : 10:24 am

To keep on growing

  • Published at 04:59 pm February 18th, 2019
money plant

Bangladesh has relied too heavily on certain aspects of the economy, such as RMG, to boost growth

Bangladesh has experienced tremendous growth in the past few years, with the current rate at almost 8%.

While this is no doubt commendable -- thanks in large part to encouraging government policies which have prioritized the economy and the hard work of the people of this country -- what is important in the long run is for this rate of expansion to be sustainable.

It is in this context that Planning Minister MA Mannan’s hopes for sustainable growth for Bangladesh, that too at 9-10%, are welcome.

A significant hurdle that Bangladesh faces right now is the number of people who still live in poverty and the continuously growing number who join the labour force every year.

The solution to both these problems, in essence, are the same.

Bangladesh has for the longest time relied too heavily on certain aspects of the economy, such as RMG and remittance, to boost growth.

But, in recent years, the government has sought to make the economy more robust. This has come about through commendable efforts to diversify our economic basket, focusing on other sectors such as ICT and jute.

This will no doubt strengthen our economy, and create room for employment, providing people the opportunity to improve their lives in the long run.

But this cannot come about without also ensuring that the marginalized and the poor acquire the skills needed to become a part of the economy, which has been tackled to some degree by the technical schools created by the government all over the country.

At the end of the day, an economy runs on the backs of its people, and if the government continues to include them on the path towards progress, sustainable growth can very much be a reality.

Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail