Still struggling after five decades, Bangladesh has turned into a development paradox.
The golden rule of crony capitalism, in which profits are private but losses are social, has led to blatant injustice, as is generally recognised. The extra-market connections of crony capitalists facilitated transactional benefits while leading to entrenched market power, distorted competition, and depressed productivity growth, all contributing to growing inequalities. Yet, attempts to change the crony business model are facing their own dilemmas.
International Day of Happiness in Bangladesh: A cruel joke? Few find joy amidst daily struggles.
Bangladesh inflation soared (5.86 percent to 11.38 percent in 2022-2024), driven by global shocks and food prices.
What started as a moment of hope—a chance to break free from the chains of authoritarian rule—has increasingly turned into a struggle for meaningful reform.
The Bangladesh economy saw its lowest quarterly growth in three-and-a-half years in the first quarter of the fiscal year on the back of political upheaval and severe flood in August.
Arrival of winter vegetables contributes to the decline
The central bank governor made this remark while inaugurating the Golden Jubilee Celebration of Bangladesh Institute of Bank Management (BIBM) in the city.
Our data shows economic pressures and polycrisis have been growing especially since Covid.
An economy without an independent source of data is like an aircraft flying without its airspeed sensors.
Inflation is the bad boy of economic phenomena.
The rise in fuel prices is an illogical decision that will only harm ordinary citizens and fail to deal with the root causes of the crisis that Bangladesh is currently facing.
It seems that just as we recover from one crisis – the global pandemic – another one begins.
Ali Riaz has tried to determine the current political trends as well as trends that may emerge in the future with his keen insight.
We appreciate the government directives, given to the field-level administration, to practise austerity in spending from the budgetary allocations.
The book poses a number of questions: which factors have contributed to Bangladesh’s growth?
If stopping wastage of money is the goal, a lot of holes will need to be plugged
Budgeting is perhaps the single most important tool that helps us manage our money wisely during volatile economic times.
Sri Lanka’s defence ministry yesterday ordered troops to shoot on sight people involved in looting or damaging property, a day after mobs targeted the homes of ruling-party politicians.
