ECONOMICAL DEVELOPMENT OF BANGLADESH- PROBLEMS & SOLUTIONS

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ECONOMICAL DEVELOPMENT OF BANGLADESH- PROBLEMS & SOLUTIONS (MANAGEMENT PROJECT TOPICS AND MATERIALS) 

 

ABSTRACT

The aim of this paper is to discuss and suggest ways to overcome the barriers hindering the economic development of Bangladesh, including the steps the government has taken and is taking for a better future. The inefficiency of government policies, administration, systems and managements has been discussed and the importance of education to raise awareness among the mass illiterate population of the nation has been pointed out. Researches and Developments made by the Agriculture Department Of Bangladesh to multiply the harvest to feed the huge population and theories applied to prevent flood water washing away crops has been mentioned. The paper-work deals with corruption at different levels of the government and how corruption can be reduced in the nation through introduction of strong judiciary laws and how the taxation system can be improved to increase the annual national revenue such that the country does not have to depend competely on foreign funds and aids for developmental works and infrastructure development. The opinions of renowned economists concerned with the economy of Bangladesh has been discussed and the work has been made supported by their views.

 

Chapter-1: INTRODUCTION

Bangladesh, a country located in the south-east Asian region, inhabits above 160million people in 55.598 sq.mile.

The country is surrounded by India on all sides, except Burma(Myanmar) bordering the far southeast region and Bay Of Bengal to the south. The economy of Bangladesh is agriculture based, nearly half of the population is engaged in agriculture and farming.

Chapter-1.1 History & Background

Bangladesh, since its independence in 1971, had to experience several military rules besides democratically elected government associated with major political assassinations. Regardless of all the aroused disputes, the country constantly pushed to achieve economical, social and developmental success through introduction and implementation of different policies during the ruling period of different elected governments as well as at the time when the country was declared to be under the emergency rule. Bangladesh, named in the list of the developing nations, is blessed with several natural advantages over developed countries. Examples of such are huge reserves of oil, natural gas, coal, timber and the only natural port of the world that connects SAARC and ASEAN business hub together. The utilization of such natural assessts are close to zero. Foreign donors are granting financial aids for reformation and infrastructure development of the country. Loans are being taken on heavy interest, by GOB, from World Bank and Asian Development Bank for developmental purposes.

Henry Kissinger, US Secretary Of State(1973-1977), pointed Bangladesh as ‘’a bottomless basket’’ in 1974. Considering foreign interests about Bangladesh developments, associated with improper management of the government, corruption, influences of power against the system, political conflicts between the political parties, fraudulent in tax and taxation system, lack of proper education, lack of family planning, etc. today resulted the nation to end up with unemployment rate of 4.8% and 36.3% population under poverty line(CIA Factbook, 2010).

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ECONOMICAL DEVELOPMENT OF BANGLADESH- PROBLEMS & SOLUTIONS (MANAGEMENT PROJECT TOPICS AND MATERIALS) 

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