Ultimately, the battle between extractive and inclusive institutions is not just a fight over resources; it is a fight over the future direction of the country.
Leadership failures are most apparent when decisions exacerbate inequality, suppress free expression, and sustain inefficiencies.
In Bangladesh, challenges hindering the achievement of economic equality are: low public expenditure on education, training, health, rural development and social protection.
Issues of fundamental human rights violations, the destruction of social justice, and unjust biases remain central to inequalities and discrimination.
The government needs to set in place irreversible principles and practices that constrain arbitrary power in the future leading to the misuse of popular consent.
Inequalities occur not only in income, but also in non-income dimensions
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
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.