The vicious cycle of taking loans to pay bills and then taking another loan to pay off the first loan may continue throughout their lives, with little or no real improvement in their living standards.
With great wealth, should there not be great scrutiny and accountability?
Bangladesh’s wealth inequality keeps getting wider
Sanem carried out a survey among 9,000 households countrywide in Oct-Nov of 2023
The problem is not a shortage of professional textile engineers; the problem is that the country's economic decision-makers cannot understand growing demand.
In recent years, Bangladesh has been grappling with a deepening chasm of inequality.
Should we be surprised that so many people view the growing concentration of wealth with suspicion, or that they believe the system is rigged?
Throughout this booklet, which is primarily meant to be read by lawyers and judges, India's apex court has provided an exhaustive list of stereotype-promoting language that should be replaced by alternative language.
The story would resonate with many young couples starting out in this ruthless city, where what you earn is nowhere near what you spend, just for the bare minimum.
It seems grossly inappropriate that in a country on its way to achieving middle-income status, there are still people dying from poverty.
Deep social change often come from people, social movements and civil society organisations, rarely from top down
While the participants in the Ukraine war are spending billions of dollars each day on weapons and other destructive arsenals, millions of people and the leaders in South Asia and Africa are passing days in anxiety with rising external debt, a strong dollar, lingering supply chain disruptions, and food shortages.
While the country is nearing the eradication of extreme poverty and undergoing robust economic advancement, it needs to remodel its outdated poverty measurement method in order to uncover the real picture of poverty, as suggested by eminent economist Wahiduddin Mahmud at a recent launch of two books on poverty and inequality.
A recent study by a think-tank has exposed the underbelly of the development scenario in Bangladesh in which rising GDP growth and rising income and wealth inequalities walk hand in hand.
From China to India, Asian countries' rapid economic expansion has lifted hundreds of millions of people out of poverty in recent decades. Yet the income distribution has lately worsened, with inequality now potentially even more severe in Asia than in the developed economies of the West.
Over the last 30 years, the phenomena of unchecked deregulation, privatisation, financial secrecy and globalisation has allowed big companies and well-connected individuals to use their power and influence to capture an increasing share of the benefits of economic growth. On the other side of the ledger, the benefits for the poorest have shrunk.
The richest one percent of the world's population now own more than the rest of us combined, aid group Oxfam says, on the eve of the World Economic Forum (WEF) in Davos.
In order to reduce inequality in Bangladesh, much more needs to be done to improve access to employment, health and education for the bottom half of the population.