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Journal articles on the topic 'Economy of Bangladesh'
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1
Tunviruzzaman, Reza, Tamanna Tahera, and Tasnise Zannat. "Economic & geopolitical opportunities and challenges for Bangladesh." International Journal of Research in Business and Social Science (2147- 4478) 10, no. 4 (June 15, 2021): 506–11. http://dx.doi.org/10.20525/ijrbs.v10i4.1244.
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Investment seeking Bangladesh's economy is hungry for local and international finance for its infrastructure development. One Belt-One Road (OBOR) seems opened a golden door, not only for Bangladesh's economic reform but also created an opportunity for higher bilateral cooperation between China and Bangladesh. The geographical location of Bangladesh is playing a vital role despite being a small economy and territory in the region. Covering three sides of the Bangladeshi border, economically emerging state India has a sharp eye look on Bangladesh's strategies and policies more than any other time. The hostile looks of India (on China's OBOR initiative) are not an easy task for Bangladesh regarding Geopolitical & Economic strategies. Growing interests in Bangladesh among China and India appeared as a two-edged sword. However, India was the major trading partner of Bangladesh. However, China's trade with Bangladesh has increased manifold in recent years to surpass India from 2004 onwards. This is slowing down, and the change of economic relations between India and Bangladesh, coupled with strained and uncertain political relations, raises multiple concerns. Many dynamics have contributed to China's growing presence in Bangladesh compared to India's decline concerning trade and investment. India has lost out to China in many vital industries. While reviewing and assessing recent developments, the study also depicts a strategy to counter India's declining economic influence in Bangladesh.
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Ahmed, Atia, Kaniz Habiba Afrin, Anima Karmakar, and Tamal Chakrobortty. "Exploring the Nexus of Domestic Debt and Private Sector Credit in Developing Countries with a Focus on Bangladesh." International Journal of Finance & Banking Studies (2147-4486) 12, no. 2 (August 17, 2023): 67–75. http://dx.doi.org/10.20525/ijfbs.v12i2.2796.
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This research examines domestic debt, private sector lending, and economic development in emerging countries, focusing on Bangladesh. This analysis uses 1960–2022 Bangladeshi secondary data, World Bank World Development Indicators and Bangladesh Ministry of Finance economic statistics. Domestic debt and private sector credit affect emerging nations' economic development, according to this study's theoretical approach. This research examines the link between two factors to add to the literature and provide Bangladesh-specific insights. It is quantitative research that examines domestic debt, private sector credit, and economic development using regression analysis and statistical testing. The conclusions aids Bangladesh's economic development policymakers, economists, and stakeholders. Understanding national debt, financing from the private sector, and the advancement of the country's economy helps policymakers manage debt, allocate credit, and set economic policy. The conducted study also improves theoretical understanding of economic development in underdeveloped countries and illuminates Bangladesh's unique conditions. It examined household debt, private sector lending, and Bangladeshi economic development as well as examines the patterns of economic growth in emerging nations to enhance policy debates and broaden knowledge.
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HOSSAIN, Sharif. "IMPACTS OF COVID-19 ON BANGLADESH ECONOMY: IS THE POST COVID-19 BANGLADESH ECONOMY RISKY?" Vol 20, No 1 (2021), Vol 20, No 1 (2021) (March 2021): 42–68. http://dx.doi.org/10.35774/jee2021.01.042.
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In this study, the principal purpose has been to investigate the impacts of COVID-19 on GDP, export volumes, remittance and unemployment of Bangladesh and to forecast these variables for a period of time using econometric techniques. The results show that the loss of GDP, export volumes and remittance of Bangladesh in 2020 will be $40984.3387 million, $6540.966 million, $3941.449 million respectively. In terms of percentage, the loss of GDP is 18.08%, export volumes – 18.08%, and remittance – 19.73% of the total values. The predicted values indicate that the Bangladeshi GDP, export volumes and remittance inflows will fall for 3 years, 2 years and 2 years respectively. Due to COVID-19 outbreak, the loss of world GDP will be 14904846.597 million dollars or 17.07% of the total GDP and will experience decrease for 7 years. Thus, Bangladeshi economy will face downturn for a lesser period than the world. The predicted GDP shows that COVID-19 will result in a decline of Bangladeshi GDP and export volumes until 2021, after which they will be have an increase rate of 4.7% and 9.8% respectively. Additionally, prediction of the remittance inflows reveals a decline in 2020, but an increase of 6.692% for 2021. It is also concluded that in 2020 global unemployment rate will be increase by 1.36%, while the unemployment rate in Bangladesh will be increase by 58.23%. This indicator for Bangladesh is very high, but it will fall by 18.72% in 2021 and starting with 2022 it will be increasing by 2.47% for a long period of time. Thus, it can be said that COVID-19 will be a big threat for increasing the unemployment rate for a long period of time. The research testifies that the death rate with respect to confirmed cases is statistically significant at any level. Finally, as no economic indicators other than the unemployment rate will be unreasonably affected, the post COVID-19 economy of Bangladesh will not face undue risk.
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Sáez, Lawrence. "Bangladesh in 2017." Asian Survey 58, no. 1 (January 2018): 127–33. http://dx.doi.org/10.1525/as.2018.58.1.127.
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Bangladesh experienced a turbulent year in 2017, largely as a result of damaging floods. Moreover, the flood of Rohingya refugees in the second half of the year added considerable strain to Bangladesh’s political economy. There are worrisome signs that the Bangladeshi state is using a range of institutional and extrajudicial mechanisms to stifle political opposition.
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Hossin, Md Manir, Md Shah Azam, and Md Shamim Hossain. "Understanding the Concept of SMEs in Driving Economic Growth and Development in Bangladesh." International Journal of Finance, Economics and Business 2, no. 3 (September 30, 2023): 195–204. http://dx.doi.org/10.56225/ijfeb.v2i3.147.
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Small and Medium Enterprises (SMEs) play a vital role in Bangladesh's economy and have been recognized as a significant catalyst for poverty reduction programs and economic growth. Therefore, it is essential to have a comprehensive understanding of the concept of SMEs and their role in driving economic growth and development. Consequently, this study endeavors to explore the definition of SMEs, their present status, and their contributions to the development of Bangladesh’s economy. Using a quantitative research method, the study performed a descriptive statistics analysis on data gathered from diverse sources, including academic, governmental, and private institutions, as well as pertinent literature from researchers, academics, and scholars. The study has found that the definition of SMEs in Bangladesh has undergone changes over time. The study findings also revealed that the growth of SMEs has had a significant impact on various economic indices in Bangladesh, contributing positively to the country's economic development. Hence, the findings of this study can provide valuable insights to readers seeking a comprehensive understanding of SMEs in the context of Bangladesh. Moreover, policymakers can utilize these findings to introduce well-suited policies and initiatives that will foster the future development of the SME sector.
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Kulsum, Rabeya. "Real Estate Sector and Bangladesh Economy." International Journal of Research Publication and Reviews 4, no. 9 (September 2023): 1414–16. http://dx.doi.org/10.55248/gengpi.4.923.92445.
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Ahamed, Md Shakib, Md Nazmus Sadekin, Shapan Chandra Majumder, Md. Hasanur Rahman, and Md Mazadul Hoque. "Prospects and problems of agricultural credit loan in Bangladesh: A case study of Rajshahi Krishi Unnayan Bank (RAKUB)." Journal of Public Value and Administrative Insight 4, no. 2 (August 1, 2021): 90–104. http://dx.doi.org/10.31580/jpvai.v4i2.1964.
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Rajshahi Krishi Unnayan Bank (RAKUB) acting a vital role within the economic development of Bangladesh particularly in supporting the farmers of the sixteen districts of Rajshahi and Rangpur divisions in Bangladesh. Agriculture remnants the foremost essential part of the Bangladeshi economy. According to WDI, the agriculture sector contributing 12.68 % to the GDP and supplying employment for 38.58% (% of total employment) of the population in 2019. A polarity of Bangladeshis earns their livelihood from agriculture. The recital of this sector has a laudable collision on the particular economic development of the country. To disentangle a farmer beginning the swamp of poverty and boost food fabrication, storage, and provide, agricultural credit is important. The key aim of the study is to analyze the prospects and problems of agricultural credit loans of RAKUB, Bangladesh. The execution of agriculture credit plans in RAKUB is hindered by many tribulations. These tribulations and others topics immediately the significant role of agricultural credit bent the origin of discussion in this study.
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Singh, Prashant Kumar. "China–Bangladesh Relations." China Report 46, no. 3 (August 2010): 267–83. http://dx.doi.org/10.1177/000944551104600308.
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This article argues that the so-called Chinese string of pearls policy needs to be examined from the perspectives of those small countries of this maritime region that are said to be supporting Chinese strategic interests in the region by providing naval bases to China. Bangladesh neither has compelling strategic reasons to be part of an anti-India policy nor is its economy dependent only on the Chinese economy—a situation which could have pushed it into such a strategy. Therefore, apprehensions of the Indian strategic community of Sino-Bangladeshi relations constituting a larger anti-India design are somewhat misplaced. Bangladesh is likely to continue to pursue a policy of making best of its relations with both countries, even though an anti-India bias in certain sections of Bangladeshi society and politics will persist. In the post-Cold War, countries are focused on how to reap the dividends of economic globalisation and such hostile policies are anachronistic and counterproductive especially from the point of view of countries like Bangladesh that are small in terms of overall national capabilities. It is, therefore, argued that China–Bangladesh relations are flourishing in their own right, by and large free from the Indian shadow.
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Hossain, Akhtar, and Salim Rashid. "The Political Economy of Bangladesh's Large and Growing Trade Deficits with India." Pakistan Development Review 38, no. 1 (March 1, 1999): 25–68. http://dx.doi.org/10.30541/v38i1pp.25-68.
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After remaining low throughout the 1970s and 1980s, Bangladesh's trade deficits (as percent of GDP) with India have been rising sharply since 1993. The size of its illegal trade deficits with India is also large and perceived to be rising since the early 1990s. Thus, instead of interdependence between two trading neighbours at the same stage of development, the Bangladesh-India trade relations suggest an absolute dependence of Bangladesh on India. The debate that has now generated in Bangladesh from such a onesided trade flow has two polar themes. At one extreme are those commentators who consider Bangladesh's large and growing trade deficits with India as a "natural and positive development" on the grounds that India is believed to be at a higher stage of development and to have gained technological maturity in the production of those goods that Bangladesh imports from India. The alternative view is that Bangladesh's large and growing trade deficits are a recent phenomenon and have nothing to do with India's technological maturity or prowess. As an explanation, such deficits are c9nsidered to be the result both of India's deep devaluation policy and tariff and non-t~ff barriers to Bangladesh's exports to its markets. This paper examines the disaggregated structure of trade, as well as the revealed comparative advantage of Bangladesh and India and finds no support for the thesis of Bangladesh's technological imports from India on grounds of their maturity. It then examines the sensitivity of trade flows between the two countries to exchange rates and the possible role of trade liberalisation in generating trade deficits within the framework of intra-industry trade models for differentiated products. The available evidence suggests that through subsidies, interventions and deep devaluation policy, India has artificially created a comparative advantage over Bangladesh in differentiaied products. India has also managed to keep its markets closed for Bangladesh's products despite trade negotiations, between the governments. This gives credence to the suggestion that Bangladesh's trade with India is neither fair nor competitive. Finally, the paper considers the political economy of the large and growing trade imbalances between them before drawing policy conclusions.
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Saimum, Rubiat. "The Prospect of Belt and Road Initiative in the Context of Bangladesh." China Report 56, no. 4 (July 14, 2020): 464–83. http://dx.doi.org/10.1177/0009445520930396.
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The purpose of this article is to examine the prospect of the Belt and Road Initiative (BRI) from the perspective of Bangladesh. The article investigates fundamental aspects of China’s economic involvement in Bangladesh to understand the geo-economic basis of the initiative. In this respect, the objective and motivation behind Chinese involvement in Bangladesh’s economy are studied, and the political and economic challenges emanating from the participation of the latter country in the initiative are outlined. Methodologically, this research adopts a qualitative approach and relies on primary sources to collect data. It concludes with an observation that Chinese investments through BRI could, in the long term, be advantageous for Bangladesh’s economy as long as the regional and economic issues associated with the initiative are appropriately dealt with. Besides, it suggests that the success of the initiative in South Asia, as well as in Bangladesh, requires a collaborative effort from all the states of the region on functional issue areas such as trade and connectivity.
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Tanha, Moutusi, Maliha Ahmed Siddique, Md Nurulhoque, Md Monirul Islam Sumon, Rawshan Sazin, and Peas Hossain. "Rohingya refugees and its impact on informal economy: Cox's Bazar, Bangladesh." Journal of Governance and Accountability Studies 3, no. 1 (January 19, 2024): 63–83. http://dx.doi.org/10.35912/jgas.v3i1.1896.
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Purpose: The purpose of this study is to determine whether refugees in Cox's Bazar area of Bangladesh can successfully integrate into the informal economic sector. This evaluation was carried out by comparing the actions of refugees in the labor market with those of the local population.
Research methodology: This study used survey data from two population groupings. The sample size included 300 Rohingya refugees and 300 locals from Coxs' Bazar, where they are now living. ANOVA was employed to compare the category mean differences owing to the limited sample size. The calculations would include wealth, occupation, language, religion, and race as labor market barriers.
Results: The data indicated significant disparities in both types of occupations and monthly incomes between local workers and refugee workers. Furthermore, the findings also suggest that Rohingya refugees encounter greater challenges when entering the job market than local workers.
Limitations: Refugees in Bangladesh are unable to work. They must stay at local and international NGO (Ministry of Foreign Affairs 2014). No Bangladeshi labor legislation has protected them. Bangladeshi authorities can also imprison refugees on illicit travel. A good Rohingya refugee policy in Bangladesh is crucial to human rights.
Contribution: The Rohingya Muslim population in Myanmar has been subjected to genocide, resulting in their expulsion and subsequent migration to neighboring countries. Bangladesh is the primary host nation for the Rohingya group from Myanmar, which has sought safety there as refugees for many years. Due to their lack of legal employment opportunities in Bangladesh, these refugees engage in informal economic operations and participate in various criminal activities inside the place where they reside.
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Ahmed, Md Nazim Uddin, Md Rezwanul Kabir, and Tanzima Akter Jyoti. "Promising Relationship between Bangladesh and Russia." Saudi Journal of Humanities and Social Sciences 7, no. 3 (March 22, 2022): 94–103. http://dx.doi.org/10.36348/sjhss.2022.v07i03.004.
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This study analysis to what extent Russia supported Bangladesh. Russia is a true friend of Bangladesh. Diplomatic relations between the two countries were established between Bangladesh and the Soviet Union on 25 January 1972. Bangladesh has maintained bilateral relations since the collapse of the Soviet Union, with a Russian embassy in Dhaka, and a consulate-general in Chittagong. Bangladesh has an embassy in Moscow, with the two countries enjoying close military, economic and political relations. This relationship is contributing to the development of Asian regional politics, economy, and culture. Bangladesh’s relations with Russia are historic. It would have been difficult for Bangladesh to achieve independence without the cooperation of the Soviet Union, and this continues to be recognized today.
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Rahman, Md Masudur, and Md Nabir Hossain. "Exchange Rate Forecasting in Bangladesh: ARIMA and VAR Models." Innovation in Economy & Policy Research 4 (November 16, 2023): 13–21. http://dx.doi.org/10.46610/jepr.2023.v04i02.002.
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Exchange rates play a crucial role in the economic structure of any country since they affect investment, foreign trade, and the stability of the economy as a whole. This research article explores the intricate dynamics of exchange rate development in Bangladesh, a country with a rapidly growing economy and a significant presence in the global trade landscape. The article delves into the historical evolution of exchange rates in Bangladesh, the factors influencing exchange rate movements, and the implications for the country's macroeconomic stability and international trade. The study employs various methodologies, including time-series analysis and econometric modeling to provide a comprehensive analysis of exchange rate development and near-term exchange rate forecast in Bangladesh. The findings indicate that exchange rate policies and external economic factors play a pivotal role in shaping Bangladesh's exchange rate regime, affecting the country's economic performance and trade competitiveness. The study also focuses on the future challenges for exchange rates in Bangladesh which are interconnected with the country's economic development and global economic dynamics.
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Khatun, Fahmida. "Growth Narrative of Bangladesh Economy." Making of Contemporary Maldives: Isolation, Dictatorship and Democracy 1, no. 1 (July 1, 2020): 1–18. http://dx.doi.org/10.52823/mjkd3752.
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Bangladesh has made impressive progress and undergone structural changes over the last five decades despite resource constraints and various social and political challenges. However, while in the long-term, its economic growth is remarkable, the short-term performance is somewhat disappointing. Moreover, while the average and aggregate numbers paint an inspiring image, disaggregated indicators do not often support the apparent good health of the economy. This paper brings out two issues: (i) what have been the growth drivers of Bangladesh economy, and (ii) what have been the outcomes of growth. It also makes a number of recommendations for maintaining, expediting and sustaining the growth momentum. The article recommends for more employment generation in the formal sector, reduction of inequality, mobilization of higher domestic resources, energizing private investment, and above all, ensuring good governance. The paper emphasizes on continuous institutional reforms to improve the quality of growth and ensure distributional justice in Bangladesh.
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Anderson, Robert S., and Franklin Vivekananda. "Bangladesh Economy: Some Selected Issues." Pacific Affairs 62, no. 2 (1989): 275. http://dx.doi.org/10.2307/2760610.
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Ball, Sheryl B. "The Bangladesh economy in transition." Journal of Asian Economics 9, no. 1 (March 1998): 159–62. http://dx.doi.org/10.1016/s1049-0078(99)80076-1.
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Akther, Salma, and Al Mamun. "Motivating Factors of Investors to Involve in Supply Chain Management Practices: A Study on Ready Made Garment Industry in Bangladesh." Journal of Business and Economics 9, no. 10 (October 22, 2018): 868–76. http://dx.doi.org/10.15341/jbe(2155-7950)/10.09.2018/004.
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The export-oriented clothing industry in Bangladesh, commonly known as ready made garment (RMG) occupies an inimitable position in the economy of Bangladesh. The aim of this study is to examine the intent of investors/manufacturers of Bangladeshi RMG to engage in supply chain management practices. Bangladeshi garment industry is the leading export earner as well as main sources of GDP (Gross Domestic Product) for Bangladesh over the decade. Development of the garment industry in Bangladesh was driven by the structural economic reforms of the 1980s, which opened the Bangladeshi economy towards foreign investment, deregulation of markets and privatization. Nowadays Bangladesh is well known across the globe for its vigorous success in the arena of readymade garment industry. On time deliverance, short lead time and desired quality product determines the criteria to gain the orders from international buyers. Thus, involve in supply chain management practices (SCMP) treated as compulsory requirement for these industries. To discover the absolute motive of RMG Investors/Manufacturers, the descriptive study was associated on 10 companies that are presently practiced SCM activities in Bangladesh. Standard questionnaires were utilized to accumulate the data. Research result showed 14 variables of Investor/Manufacturer motives are comprised in SCMP. Each variable was interconnected in nature. Four fundamental motivational factors stand as operational, economical, environmental & ethical, and social & behavioral. Shield motives of Investors/ Manufacturers can easily have recognized by these factors. This will assist the respective authority to control the RMG companies and acknowledged the forthcoming action steps to advance the supply chain management (SCM)system of this industry at Bangladesh. Rank order data interpretation represented that environmental motive and ethical motive are strong portent of Investor/Manufacturer motives to incorporate in Supply Chain Management practices.
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Hossain, Md Akhtar. "Impact of Inflation on Fiscal Deficits in the Bangladesh Economy." Pakistan Development Review 26, no. 2 (June 1, 1987): 179–200. http://dx.doi.org/10.30541/v26i2pp.179-200.
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This paper investigates the two-way relationship between fiscal deficits and inflation in Bangladesh's economy. A dynamic model containing inflation and equations concerning government revenue and development expenditures has been constructed and estimated, using quarterly data over the 1974(11)-1983(11) period. Estimates of adjustment parameters support the basic hypothesis that in Bangladesh government expenditures adjust themselves to inflation more rapidly than government revenues and increase the size of fiscal deficits during inflation. An implication of this result is that inflation-induced fiscal deficits (if financed by money creation) may generate a self-sustaining inflationary process in a developing country like Bangladesh.
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Akter, Asia, Kazim Khan Abul Ulie, and Samiha Suhrah Ali. "INTERCROPPING: PROSPECTS AND CHALLENGES IN BANGLADESH FOR SUSTAINABLE AGRICULTURE." International Journal of Engineering Applied Sciences and Technology 8, no. 3 (July 1, 2023): 111–20. http://dx.doi.org/10.33564/ijeast.2023.v08i03.015.
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— Intercropping, as an innovative and sustainable agricultural practice, offers a wide range of benefits that make it a valuable approach to modern farming systems. By simultaneously cultivating two or more different crop species within the same field or growing area, intercropping harnesses the power of biodiversity and ecological interactions to optimize resource utilization, enhance productivity, promote environmental sustainability, and contribute to the economic resilience of farming communities. Agriculture is the backbone of the Bangladeshi economy and plays a crucial role in GDP (12.5%, Fiscal year; 2021-2022). Intercropping has the potential to deliver several positive economic impacts on the Bangladesh's economy. Despite its numerous benefits, the adoption of intercropping in Bangladesh faces some challenges, including limited access to technical knowledge, availability of suitable crop combinations, and market demand for intercropped products. To promote intercropping effectively, there is a need for targeted extension services, farmer training, and policy support that incentivizes sustainable agricultural practices and financial support to adopt and implement intercropping practices effectively. By enhancing agricultural productivity, reducing input costs, and promoting sustainable practices, intercropping can contribute to poverty reduction, rural development, and improved livelihoods for smallholder farmers across the country.
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Mojid, Md Abdul. "Socio-economic Impact of COVID-19: Planning and Strategy for the Economic Recovery in Bangladesh." Bangladesh Journal of Political Economy 37, no. 2 (December 1, 2021): 373–78. http://dx.doi.org/10.56138/bjpe.dec2124.
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COVID-19 spreads throughout the world. The pandemic of coronavirus disease of 2019 is a possible threat to public health that gained global attention. Symptoms include fever, cough, tiredness, loss of taste or smell, sore throat, headache, aches and pains, etc. The world’s economic, social, medical, and educational systems are at stake, such as the COVID-19 pandemic halted all the development signs of progress in our society. In the context of Bangladesh, people are more vulnerable because Bangladesh has limited resources to mitigate such an unpredictable epidemic. Many people lost their jobs and died due to inadequate medical facilities; students were deprived of their education because they did not attend the class or exams. This paper’s main objective is to evaluate the potential impact of the COVID-19 pandemic on the economy of Bangladesh. This paper aims to understand the public perception of socio-economic crisis and human stress in resource-limited settings of Bangladesh during the COVID-19. This study is based on an empirical review of the recent study work, reports, and working papers of home and abroad regarding economic crisis. Despite the uncertainty created by COVID-19, the outlook for Bangladesh’s economy is positive. “we hope Development will support a resilient recovery, Bangladesh will achieve green, smart, and inclusive growth.”
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Vasagan, V. T. "Trend of Gross Domestic Product and Per Capita Income of Bangladesh: Past, Present, and Future." Talaa : Journal of Islamic Finance 2, no. 2 (December 30, 2022): 86–98. http://dx.doi.org/10.54045/talaa.v2i2.698.
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Bangladesh's per capita income was half of that of India in 2007. Today, it has surpassed India. The Asian Development Bank has estimated that Bangladesh's GDP will grow at a rate of 6.6% hereafter. According to the 2022 Economic Freedom Index, Bangladesh's economy placed in the 137th position with a score of 52.7 in the World. In the Asia-Pacific region, Bangladesh ranked 29th position out of 39 countries. The resilience of COVID-19 impinged the average growth of the economy. International Monetary Fund (IMF) has envisaged that the World may experience a challenging recession-like situation in 2023. Hence, the present paper attempts to predict the economic condition of Bangladesh through its GDP and Per Capita Income. The study considers 51 years of GDP and Per Capita Income growth data. It has adapted the Trend Projection Method, a linear regression technique, and the Least Square method to analyze data to get the future trend. It has been found that GDP was grown at an average rate of 4.4% and Per capita income at an average rate of 1.8% since 1971. The study reveals that GDP and Per Capita Income may grow at 7% and above hereafter. Hence, appropriate strategies and economic policies of the Government of Bangladesh create a defendable position that safeguards the country's economic condition.
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Lata, Lutfun Nahar. "COVID-19, Poverty, and Inequality in Bangladesh." Current History 121, no. 834 (April 1, 2022): 141–46. http://dx.doi.org/10.1525/curh.2022.121.834.141.
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The COVID-19 pandemic has shaken the global economy and the livelihoods of disadvantaged populations. Bangladesh, like other developing countries, has been hit hard, and marginalized groups have suffered the most. Before the pandemic, Bangladesh’s economy was growing rapidly, and the country was known for its steady improvement in health and education development indicators. Yet in its pandemic response, the government has been unable to provide adequate aid and health facilities for the large population living in poverty. The response has been hampered by lack of resources, corruption in the delivery of economic support, and existing health inequalities.
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Sultana, Shirin, and Md Nasim Uddin. "Social Welfare and Poverty Reduction Activities of NGOs in Bangladesh: An Empirical Study." Asian Business Review 12, no. 2 (August 31, 2022): 45–50. http://dx.doi.org/10.18034/abr.v12i2.635.
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Bangladesh is both a developing nation and a medium-sized economic power. It is among the eleven market-based middle-income countries with the fastest expanding economies. It is the forty-second market-based economy on the planet in nominal terms and the thirty-first largest by purchasing power parity. According to the IMF, Bangladesh's economy is the second biggest country on an upswing in 2016, with an annual rate of 7.1%. Since the early 2000s, Bangladesh's poverty has unexpectedly decreased, accelerating economic growth. Non-governmental organizations (NGOs) actively contribute to the decline of extreme poverty in our nation. NGOs engaged in some charitable work and improved social welfare. This study's primary goal is to show how NGOs and their initiatives affect Bangladesh's social welfare and poverty reduction. Researchers have used primary and secondary data and powerful statistical tools to assess pertinent data to accomplish these goals. From the researchers' observations, data analysis, and findings, it is clear that NGO programs significantly promote social welfare and reduce poverty in Bangladesh.
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Milam, William B. "Bangladesh: Politics, Economy and Civil Society." European Journal of Development Research 26, no. 4 (September 2014): 554–56. http://dx.doi.org/10.1057/ejdr.2014.13.
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Fowler, Peter. "The Bangladesh economy a regional perspective." Asian Affairs 29, no. 1 (March 1998): 13–28. http://dx.doi.org/10.1080/714041342.
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Khan, Salman. "Bangladesh economy and its future prospectus." International Journal of Financial Management and Economics 1, no. 1 (July 1, 2018): 12–17. http://dx.doi.org/10.33545/26179210.2018.v1.i1a.3.
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Manik, Mehedi Hasan. "Movement of the Economy of Bangladesh with its Sector-Wise Contribution and Growth Rate." Journal of Production, Operations Management and Economics, no. 32 (February 2, 2023): 1–8. http://dx.doi.org/10.55529/jpome.32.1.8.
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Bangladesh is an overpopulated south Asian developing country. Agriculture, industry, and service are the 3 sectors of its economy, and these sectors are divided into 20 sub-sectors. The objective of this study is to show the movement of its economy along with its sector-wise contribution and growth rate. The study is conducted based on secondary data collected from the website of the Bangladesh Bureau of Statistics. On average, yearly, the contribution of the agricultural sector is 12.46%, the industrial sector is 32.80%, and the service sector is 50.63% in its national Gross Domestic Product (GDP), but the contribution of the industrial sector is increasing, while the contribution of agricultural and service sectors is decreasing. On the other hand, on average yearly, the growth rate of the agricultural sector is 3.32%, the industrial sector is 8.80%, and the service sector is 5.89%, while the national GDP growth rate is 6.44%. Among 20 sub-sectors, the manufacturing sub-sector showed the highest contribution, 22.47%, and growth rate, 11.59%, in 2021. The study claims the economy of Bangladesh is moving toward the industrial sector. The economy of Bangladesh has successfully recovered from the COVID-19 negative shock, but the economy is suffering from another negative shock, the Russia-Ukraine war. Further study is required to measure the Russia-Ukraine war's effect on Bangladesh's economy.
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Ceesay, Ebrima K., and Momodou Mustapha Fanneh. "Economic growth, climate change, and agriculture sector: ARDL bounds testing approach for Bangladesh (1971-2020)." Economics, Management and Sustainability 7, no. 1 (May 17, 2022): 95–106. http://dx.doi.org/10.14254/jems.2022.7-1.8.
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Agriculture, Food security, Climate change, and food import are vital components of an economy. This article empirically explored the long-run and short-run impact of these variables on the economic development of Bangladesh by employing the ARDL model over the period from 1971 to 2020. The outcome of the F-bounds test confirmed the existence of a no long-run relationship among the variables examined, and hence, the appropriate model is ARDL. The study then analysed the short-run impact of agriculture, food security, food import and climate change on economic growth. The short-run and long-run coefficients revealed a positive and significant impact of the agriculture sectors on economic growth in Bangladesh in the short-run and long-run. Findings further showed that climate change and food security have a positive and insignificant impact on economic development. Food import has a negative and insignificant impact on economic growth in the short-run and an insignificant positive impact in the long-run+. Therefore, the study concludes that Bangladesh should invest in the agriculture sector as an engine of economic growth. Climate change, food security and food imports are essential for Bangladesh's economy.
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Mondal, Md Atiqul Islam, Lirong Yu Abit, Abdullah Al Mamun Siddiqui, and Abdulla-Al-Asif. "Fish to finance: unraveling the economic threads of Bangladesh's Blue Economy." Asian Journal of Medical and Biological Research 10, no. 1 (January 26, 2024): 9–41. http://dx.doi.org/10.3329/ajmbr.v10i1.71034.
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Bangladesh, with its extensive river network, vast coastlines, and rich maritime heritage, stands at the crossroads of a transformative Blue Economy. This comprehensive review explores the rich tapestry of Bangladesh's maritime journey. Commencing with a historical lens, it traces the nation's roots in fisheries, showcasing its transformation into a diversified and dynamic Blue Economy. The significance of this transition unfolds across the review, underscoring the sector's contributions to GDP, employment, and food security, while candidly addressing challenges such as overfishing and environmental impact. This work not only chronicles historical milestones but distills valuable lessons from both successes and setbacks, offering a nuanced understanding of the economic resilience embedded in Bangladesh's fisheries sector. Beyond a historical retrospective, the review navigates through the contemporary landscape, emphasizing diversification beyond fisheries. It illuminates economic opportunities in maritime trade, explores non-fish marine resources, and delves into the transformative role of aquaculture. The policy framework governing Bangladesh's Blue Economy comes into focus, dissecting government strategies, legal landscapes, and international collaborations. The review also champions environmental sustainability, highlighting the impact of Blue Economy activities on marine ecosystems and advocating for conservation measures, thus positioning Bangladesh as a steward of its rich maritime heritage. Financial mechanisms and investments emerge as pivotal elements, shaping the trajectory of Blue Economy projects, as evidenced by case studies that weave success stories and lessons learned into the narrative. Concluding with a forward-looking perspective, the study identifies emerging trends, growth opportunities, and strategies to tackle challenges, offering a comprehensive roadmap for sustainable development. In weaving together economic vibrancy, environmental stewardship, and future aspirations, this review illuminates Bangladesh's maritime odyssey as a beacon for the global Blue Economy community. Asian J. Med. Biol. Res. 2024, 10(1), 9-41
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Alam, Md Shahbub, Md Jafor Ali, Abul Bashar Bhuiyan, Mohammad Solaiman, and Mohammad Abdur Rahman. "THE IMPACT OF COVID -19 PANDEMIC ON THE ECONOMIC GROWTH IN BANGLADESH: A CONCEPTUAL REVIEW." American Economic & Social Review 6, no. 2 (October 26, 2020): 1–12. http://dx.doi.org/10.46281/aesr.v6i2.844.
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Since the outburst of Covid-19 in China, the world economy is passing in a turmoil situation. Undeniably the economy of Bangladesh is also grappled by the severe public health crisis of the Covid-19. As the public health emergency is heavily interconnected with economic affairs, it has impacted each of the pillars of the economy of Bangladesh. The main purpose of this paper is to make evaluations of the potential impact of the COVID-19 pandemic on the economy of Bangladesh. This study is based on an empirical review of the recent study works, reports, working papers of home, and abroad regarding economic crisis. The review findings of the paper revealed that the COVID-19 pandemic have significant impacts on the different indicators of the economy of Bangladesh especially, Readymade Garments Sector, Foreign Remittance, Bank and Financial Institutions, Food and Agricultures, Local Trade, Foreign Trade (Export and Import), GDP (Gross Domestic Product), SDGs (Sustainable Development Goal), Government Revenue and Employment etc. This study suggested that as Covid-19 still surfacing all over the world so some steps should be ensured by the government agencies of Bangladesh to mitigate possible threats for the economy.
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Akter, Swapna, Md Nazmus Sadekin, and Nazrul Islam. "Jute and Jute Products of Bangladesh: Contributions and Challenges." Asian Business Review 10, no. 3 (August 6, 2020): 143—xxx. http://dx.doi.org/10.18034/abr.v10i3.480.
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Jute is one of Bangladesh 's main cash crops. The contribution of the jute sector to the economy of Bangladesh is enormous. In Bangladesh, Jute is a vital sector from economical, agricultural, industrial, and commercial perspectives. Different kinds of jute products are made in Bangladesh and the products are environmentally friendly as well. Every year Bangladesh earns an amount of foreign currency by exporting jute and jute products in different countries all over the world. That contributes to the national income of Bangladesh. Jute was once called Bangladesh's 'Golden Fibre. But this industry's present and future prosperity and growth are vulnerable. There exist many problems in the jute industry of Bangladesh, such as; lack of scientific knowledge and modern tools, market tools, unavailability of quality seeds, low productivity, inappropriate market forecasting, land fragmentation, natural calamities, conflicts and economic crisis in the world market, etc. Based on the existing problems, I will try to give some policies that may help to eradicate the problems and improve the present conditions of the jute industry in Bangladesh.
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He, hongmei. "A Study of Bangladesh’s Maritime Strategy Options and Its Development Prospects." Asia Social Science Academy 10, no. 1 (February 28, 2023): 93–113. http://dx.doi.org/10.51600/jass.2023.10.1.93.
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The Bay of Bengal, the largest bay in the world, is of strategic importance to the littoral countries including Bangladesh, India, Myanmar, Sri Lanka and Thailand. With 118,000 square kilometres of territorial waters, a 200 nautical mile exclusive economic zone and a portion of the continental shelf, following the successful resolution of maritime boundary disputes with its neighbours, Bangladesh has an excellent new opportunity to make full use of the sea and its resources. Bangladesh has placed a high priority on the Blue Economy in its maritime strategy in recent years, with an emphasis on driving the country's blue economic growth and achieving sustainable development goals. The vast potential for commerce and trade, tourism, biotechnology, pharmaceuticals, and access to deep-water ports is an opportunity to develop Blue Economy. In view of its interests in the vast maritime areas of the Bay of Bengal, an in-depth understanding of Bangladesh's maritime strategy would be useful to gauge the overall strategic situation in the Bay of Bengal in a timely and effective manner.
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Acharjee, Sanjoy Kumar. "Prospects of Culinary Tourism in Bangladesh." International Journal of Science and Business 25, no. 1 (2023): 139–50. http://dx.doi.org/10.58970/ijsb.2191.
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This study demonstrates the potential for culinary tourism in Bangladesh by emphasizing the country’s rich culinary tradition, diversified food offers, and growing interest in food tourism. It also emphasizes the significance of authentic indigenous cuisine, which can distinguish Bangladeshi cuisine from other cuisines and enhance the image and reputation of the country. The study employs both primary and secondary data to collect insights from 250 respondents using a questionnaire survey with closed-ended questions about respondents’ demographic information, perceptions, and attitudes regarding culinary tourism in Bangladesh. The acquired data were assessed using computer tools such as Microsoft Excel and IBM SPSS 25, descriptive statistics, and multiple regression analysis. The findings of the study indicate that investment in Bangladesh’s culinary tourism sector can generate large economic returns and aid in promoting the country’s culture, history, and heritage overseas. The significance of preserving the authenticity of the local cuisine, attracting foreign tourists, and boosting the local economy was highlighted by the study’s findings. At the same time, it was acknowledged that development of the superstructure, food quality, and experience was significant. In order to restore these less influential parts and reconstruct the most crucial ones for the aim of growing culinary tourism, it is necessary for the policy makers to plan and act promptly. This study lays the groundwork for future research into the potential of culinary tourism in Bangladesh and how it can be utilized to achieve sustainable industry growth.
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Bairagi, Subir, and Muntaseer Kamal. "Is Bangladesh’s Economy Approaching the Lewis Turning Point?" South Asia Economic Journal 20, no. 1 (March 2019): 19–45. http://dx.doi.org/10.1177/1391561418822208.
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During the last decade, Bangladesh economy grew consistently over 6 per cent annually; however, growth rate in the agriculture sector declined. Labour away from agriculture is evident; it is also evident real wages in the agriculture sector are rising. This could be an indication that Bangladesh is moving to a different stage of economic development. This article investigates whether Bangladesh is approaching a stage of economic development where marginal productivity of labour equals its price, called the Lewis turning point (LTP). We find that the reallocation of labour away from agriculture has had a positive but insignificant impact on economic growth in Bangladesh. We also find that the surplus agricultural labour has not fully been absorbed by the economy. Therefore, we conclude Bangladesh has yet to reach the LTP and suggest initiating policies (e.g., job creation in the service sector) that might speed up the country’s movement to the LTP. JEL: O11, O17, O41, O53
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Ahmad, Hafez, Felix Jose, Md Shaiful Islam, and Shakila Islam Jhara. "Green Energy, Blue Economy: Integrating Renewable Energy and Sustainable Development for Bangladesh." Marine Technology Society Journal 57, no. 4 (December 15, 2023): 52–69. http://dx.doi.org/10.4031/mtsj.57.4.4.
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Abstract The coastal zone of Bangladesh is of immense importance and provides a myriad of services and functions, including fisheries resources, sustaining biodiversity, supporting trade and transportation, and holding visually pleasing monuments and recreational opportunities for the country's economic growth and the well-being of its people. The article highlights the significant efforts made by the Government of Bangladesh toward promoting the blue economy, including the development of renewable energy programs (wind farms), sustainable tourism, fisheries aquaculture, and working on a long-term plan for coastal zone management. The study also examines the challenges facing Bangladesh's marine and coastal fisheries, including overfishing, indiscriminate catch and kill of juveniles, and marine pollution. Additionally, the article discusses the growing popularity of mariculture, especially seaweed culture, in the coastal waters of Bangladesh as an alternative to dwindling marine fisheries. Research also highlights the need for greater efforts toward the conservation and sustainable management of marine and coastal resources, including fisheries, aquaculture, and tourism, to ensure their long-term viability and economic benefits for the country.
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Wu, Yichen, Jiaxin Yang, Zhihua Zhang, Lipon Chandra Das, and M. James C. Crabbe. "High-Resolution Temperature Evolution Maps of Bangladesh via Data-Driven Learning." Atmosphere 15, no. 3 (March 21, 2024): 385. http://dx.doi.org/10.3390/atmos15030385.
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As a developing country with an agricultural economy as a pillar, Bangladesh is highly vulnerable to adverse effects of climate change, so the generation of high-resolution temperature maps is of great value for Bangladesh to achieve agricultural sustainable development. However, Bangladesh’s weak economy and sparse meteorological stations make it difficult to obtain such maps. In this study, by mining internal features and links inside observed data, we developed an efficient data-driven downscaling technique to generate high spatial-resolution temperature distribution maps of Bangladesh directly from observed temperature data at 34 meteorological stations with irregular distribution. Based on these high-resolution historical temperature maps, we further explored a data-driven forecast technique to generate high-resolution temperature maps of Bangladesh for the period 2025–2035. Since the proposed techniques are very low-cost and fully mine internal links inside irregular-distributed observations, they can support relevant departments of Bangladesh to formulate policies to mitigate and adapt to climate change in a timely manner.
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ISLAM, Md Rabiul, Taslima AKTER, Anamika HOSSAIN, Ananya Talukder TORA, Shayla Sultana MELY, Md Amzad HOSSAIN, and Mohammad Mahfujul HAQUE. "Contribution and Prospect of Marine Fisheries in the Economy of Bangladesh and Sustainable Blue Economy Challenges: A Review." Marine Science and Technology Bulletin 13, no. 1 (March 25, 2024): 41–55. http://dx.doi.org/10.33714/masteb.1337034.
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Marine resources of Bangladesh are abundant, both in terms of huge sea area and its biological richness. The marine water area supports a large number of commercially important fin fish, mollusks, crustaceans, and seaweeds, offering significant economic potential due to their diversified use and high demand in the international market. Therefore, the current review comprehensively examines both the contribution and potentials of marine fisheries resources to the economy, as well as the challenges involved in marine fisheries sectors in attaining a sustainable blue economy in Bangladesh. The study revealed that, the marine fisheries plays an important role in national economy and has huge prospect in employment generation and ensuring food security of Bangladesh. The expansion of mariculture and effective utilization of marine resources will open a new window for the economic development of Bangladesh. Marine fisheries production of Bangladesh has increased over the last two decades, but its relative share in total fisheries production has declined. Despite being rich in marine living resources, commercial mariculture has been developed only for shrimp, prawn, and mud crab. Challenges hindering mariculture expansion includes limited research, technological deficiencies, inadequate skilled workforce, underdeveloped domestic seafood markets, and financial constraints. Concerted efforts including exploring new fishing grounds, conducting stock assessments, implementing scientific management strategies, enacting a national marine fisheries policy, enforcing legislation, and establishing robust surveillance and monitoring mechanisms are required to foster a sustainable blue economy in Bangladesh.
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Nobi, Md Nur, Md Arif Billah, Tani Tani, and Asaduzzaman Shohel. "Foreign remittance inflow in Bangladesh: A statistical analysis." Global Journal of Business, Economics and Management: Current Issues 12, no. 3 (October 28, 2022): 223–32. http://dx.doi.org/10.18844/gjbem.v12i3.6553.
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The major goal of this research is to assess Bangladesh's foreign remittance inflows. In recent years, remittance has risen to prominence as one of the most important economic variables, since it helps with the surplus balance of payments, foreign reserves, aggregate savings and money circulation. Bangladesh's foreign trade has begun to improve after overcoming the negative effects of the COVID-19 pandemic. In comparison to the previous fiscal year, total export earnings declined by 16.93% to US$ 33,674.09 million in FY2019–20. During the first half of fiscal year 2020–21, export earnings totalled US$ 35,180.81 million, up 13.64% over the same period of the previous fiscal year. Furthermore, remittance earnings are growing at a slower rate than emigration from Bangladesh, owing to a rising number of unskilled or semi-skilled labourers in overseas migration rather than professional. Remittances have a great impact on Bangladesh's economy. Keywords: Foreign remittance, money laundering, foreign exchange, foreign trade, migration, economy;
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Karim, Tania, Md Bazlur Rahman, and Sakia Jannat. "Does the Foreign Direct Investment Enhance Bangladeshi Economy? An Empirical Study." Asian Journal of Social Science Studies 8, no. 1 (January 11, 2023): 51. http://dx.doi.org/10.20849/ajsss.v8i1.1334.
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Like most developing countries, Bangladesh considers foreign direct investment (FDI) as a critical element of economic development. Numerous studies showed that the FDI significantly impacts economic growth due to the technological transfer and innovative capability that enters the recipient country. On the other hand, some other studies did not find any significant impact of FDI on economic growth. The purpose of this study is to determine whether the FDI or other factors, including human capital, infrastructure, and trade openness, impact the economic growth in Bangladesh. Using an ordinary least square (OLS) regression model, 35-year time series data of the variables were analyzed to investigate the variables that impact economic growth in Bangladesh. The study results depict that FDI has no significant impact on the economy of Bangladesh. In contrast, human capital, infrastructure, and trade openness significantly influence the Bangladesh economy. The study findings are expected to benefit the researchers, government agencies, and the decision-makers of multinational companies.
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Karim, Rabiul, and A. K. M. Shawkatul Islam. "BLUE ECONOMY AND SDG: A CRITICAL STUDY ON BANGLADESH." INDIAN JOURNAL OF ECONOMICS AND FINANCIAL ISSUES 3, no. 1 (2022): 63–88. http://dx.doi.org/10.47509/ijefi.2022.v03i01.05.
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The blue economy improves livelihoods through sustainable use of marine resources and technological inputs, thereby promoting economic growth. Coastal and marine resources of economic importance are the main components of Bangladesh’s blue economy. These resources are divided into biological resources, nonbiological resources, renewable resources, and commercial and trade resources. The extreme events of climate change include warming trends, cyclones, sea level rise, drought, erosion, tides, salt water intrusion, floods, changes in rainfall trends, and ocean acidification. These extreme events will cause coral hiccups, species migration, loss of biodiversity, changes in species lifestyles, changes in the marine food chain, and ultimately affect the national economy. Therefore, establishing the adaptability of marine ecosystems to climate change is the primary requirement for maximizing benefits from the ocean. This background document provides a strategic framework for the implementation of the climate-resilient blue economy in Bangladesh. The framework is divided into four steps (i.e. problem identification, attention to areas that are important for climate change adaptation to the development of the blue economy, and activities to achieve goals and goal realization). Special attention needs to be paid to energy efficiency, marine and coastal biodiversity, ecosystem-based adaptation, building environmental resilience in coastal areas, restoring ecosystems, building economic resilience, and formulating development policies to adapt to the blue economy of climate change. Mangrove planting, oyster reef construction, mussel beds, sea-grass beds, marsh beds and coral reef protection, the use of renewable energy, special interventions in fisheries and island development, crop insurance, floating agriculture and salt tolerance, ecotourism development, marine protection Zones and declarations, ecologically critical areas, marine spatial planning, policy formulation, institutional integration, and continuous monitoring of the ocean are some examples of possible interventions needed for the development of a climate-resilient blue economy in Bangladesh.
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Zhangwen, Peng, and Md Rakibul Hoque. "A Study on the Cultural Influence on Business Negotiations: Evidence from Bangladesh." International Business Research 11, no. 1 (December 19, 2017): 157. http://dx.doi.org/10.5539/ibr.v11n1p157.
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Although many individuals speak of Bangladesh as a booming trading partner, in reality, negotiating for business in Bangladesh is systematic work. In the age of globalization and an increasingly globally integrated economy, businesspeople across the world negotiate with counterparts of different cultural backgrounds more often than ever before. However, little research has been conducted to identify the influence of culture on business negotiation in Bangladesh. This study examines the relationship between culture and negotiation style in Bangladesh. The data were collected from Bangladeshi business executives who have enormous experience in business dealings. The results suggest that it is important to consider the culture within a country when examining positive business outcomes.
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Zuha, Aulia Aisyah. "Implementation of the power generation program by the Asian Infrastructure Investment Bank (AIIB) to improve the economy in Bangladesh." Jurnal Inovasi Ilmu Sosial dan Politik (JISoP) 5, no. 2 (January 19, 2024): 179–88. http://dx.doi.org/10.33474/jisop.v5i2.20896.
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This article examines the effectiveness of programs carried out by the Asian Infrastructure Investment Bank (AIIB) in encouraging economic investment and infrastructure connectivity in Asia. Specifically, the author will analyze AIIB assistance in Bangladesh in the electrical energy sector. AIIB is a multinational development bank initiated by China to encourage infrastructure in Asia. In terms of long-term funding for infrastructure sub-projects such as sub-projects in the areas of power production, ICT, cross-regional transportation, etc., AIIB has emerged as one of the most important development partners for Bangladesh. This paper aims to answer how effective the implementation of the electricity sector program by AIIB is in improving the economy in Bangladesh. To examine this topic, the author refers to Development theory and the concept of Global Governance. The results of the author's analysis show that most of the assistance provided by AIIB in Bangladesh focuses on the electrical energy sector, this is a response to the electricity crisis which is hampering the Bangladesh economy. The results of implementing the program are considered quite effective because it succeeded in distributing electricity evenly in villages and encouraging development renewable and low-carbon electrical energy infrastructure. However, this program can also be considered less effective because it has not been able to encourage Bangladesh to maximize its own natural resources to guarantee its electricity supply due to the low share of the renewable energy market in Bangladesh's electricity.
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Mazumdar, Anupam, and Husam Alharahsheh. "Small & Medium Enterprises (Smes) – Insights of Bangladeshi Smes in Different Contexts of Adopting Cloud Computing." Cross Current International Journal of Economics, Management and Media Studies 1, no. 5 (October 28, 2019): 130–40. http://dx.doi.org/10.36344/ccijemms.2019.v01i05.005.
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Small and medium-sized enterprises (SMEs) are the backbone for any country’s national economy and Bangladesh is no exclusion. Unquestionably, SMEs does play pivotal roles to progress the economy of the country and the functionalities of SMEs are mammoth to lessen the country’s poverty. This sector is especially suitable for the heavily colonised countries like Bangladesh owning to create jobs with much lower investment, reduce poverty and drive a resilient domestic economy. However, there are various challenges are present for Bangladeshi SMEs, which are hindering country’s progress, and this is because of absence modern technology such as Cloud Computing. This paper is, therefore, an attempt to provide insights of SMEs including definitions and characteristics, general challenges and technology adoption risks especially for Cloud Computing adoption risks
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Rahman, A. F. M. Ataur, and Afsana Rahman Khan. "Measuring Underground Economy of Bangladesh: Transaction Approach." Global Disclosure of Economics and Business 1, no. 2 (December 31, 2012): 74–82. http://dx.doi.org/10.18034/gdeb.v1i2.195.
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Underground economy is a malaise for the government that restricts its fiscal ability and infuses confusion in development planning. For a developing country like Bangladesh, which thrives for prospering this can hurt disproportionately. Therefore, measuring underground economy is important for Bangladesh. In this study, using data of 1980-2010 we have used transaction method proposed by Feige (1979) to calculate its extent in Bangladesh. We have found that unreported economy accounts a substantial portion of official GDP. Its growth rate was high positive in some years and in some other years it experienced a stagnant trend. Although few but in some years it declined relative to GDP as well.
GEL Classification Code: A31; O40
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Momen, Mehnaaz. "Bangladesh in 2009: The Peril Within." Asian Survey 50, no. 1 (January 2010): 157–63. http://dx.doi.org/10.1525/as.2010.50.1.157.
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The year 2009 heralded an auspicious beginning for Bangladesh because national elections were held after a two-year period of the non-democratic caretaker government. The enthusiasm of returning to democracy was soon marred by an unprecedented event during which military officials were massacred by the Bangladesh Rifles in a mystifying mutiny that stunned the nation. Bangladesh's economy was also negatively affected by the global downturn, and environmental degradation in the country continues.
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Saleheen, Ferdoush, Md Mamun Habib, Mohammad Nazmuzzaman Hye, and Benjamin Bvepfepfe. "The Impact of Russia-Ukraine War on Bangladesh’s Economy: A Supply Chain Perspective and Way Forward." International Journal of Supply Chain Management 13, no. 2 (April 29, 2024): 10–18. http://dx.doi.org/10.59160/ijscm.v13i2.6239.
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Bangladesh’s economy is facing significant challenges restricting from the Russia-Ukraine conflict, intensified by its status as an oil-importing nation vulnerable to global oil price fluctuations. This study addresses the current perspectives and challenges which include inflationary pressures, trade imbalances, and disruptions in the supply chain, leading to increased expenditures for essential commodities. This research was developed through a systematic literature review based on secondary data, including online databases, journals, and review papers, etc. This exploratory study reveals that policymakers need to diversify energy sources, forge new trade partnerships, and implement measures to bolster economic resilience. The economic fallout from the conflict, surpassing the actual war in cost, has depleted the central bank's reserves, prompting austerity measures. The forex market experiences volatility, contributing to high trade deficits and the highest inflation rate in recent years. Bangladesh must address forex management challenges and formulate prudent policies for economic recovery. The conflict has disrupted global commodity markets, leading to inflationary pressures and increased costs for businesses in Bangladesh, especially larger organizations handling rising raw material costs and weak consumer demand. The rationale of this paper is to evaluate the literature on this aspect and apprehend the global demand, and supply of food and commodities, economic impacts in Bangladesh, challenges in global trade, trade relations, currency fluctuations, inflation, emergency price, and its consequences, recognize gaps and advocate future research itineraries. The paper offers a synopsis and appraisal of the overall economy of Bangladesh and finally navigates a way forward to the policymakers which would unlock further research to develop this sector.
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Nurullah Rabbani, Golam Mustafa MD, Avishek Nath, and Md Mehedi Hasan Emon. "CHALLENGES AND OPPORTUNITIES IN THE IMPLEMENTATION OF BIG DATA ANALYTICS IN MANAGEMENT INFORMATION SYSTEMS IN BANGLADESH." Acta Informatica Malaysia 7, no. 2 (2023): 122–30. http://dx.doi.org/10.26480/aim.02.2023.122.130.
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This study aims to investigate the challenges and opportunities associated with the integration of Big Data Analytics (BDA) within Management Information Systems (MIS) in the context of Bangladesh, a developing economy with distinct characteristics. A mixed-methods approach was employed, combining survey data from 40 organizations and in-depth interviews with key informants to explore BDA implementation challenges and opportunities unique to Bangladesh. The findings reveal that organizations in Bangladesh encounter challenges related to limited technological infrastructure, data security and privacy concerns, skill shortages, and regulatory complexities. Despite these challenges, BDA offers significant opportunities, including economic and business growth, government support, local market understanding, and increased competitiveness. This study is limited by its focus on the Bangladeshi context and may not fully capture the diversity of challenges and opportunities in other developing economies. Future research should consider cross-cultural comparisons and sector-specific analyses. The insights generated by this research provide organizations in Bangladesh with a roadmap for navigating BDA implementation challenges while harnessing its potential for economic growth and market competitiveness. Policymakers and government bodies can use these findings to formulate policies that support BDA adoption and economic development. As organizations leverage BDA to understand local market dynamics and enhance customer experiences, there is potential for improved products and services that cater to the unique preferences of Bangladeshi consumers. This has implications for broader society in terms of enhanced consumer satisfaction. This study contributes to the literature by enriching our understanding of the complexities of BDA integration in developing economies. It highlights the need for tailored strategies, fosters innovation, and positions BDA as a catalyst for economic growth and competitiveness in Bangladesh. The research is limited to a sample of 40 organizations in Bangladesh, and the findings may not be fully generalizable to all industries and contexts within the country.
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Qamruzzaman, Md, and Jannatul Ferdaous. "Building a Knowledge-Based Economy in Bangladesh." Asian Business Review 4, no. 3 (February 26, 2015): 41. http://dx.doi.org/10.18034/abr.v4i3.266.
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Qamruzzaman, Md, and Jannatul Ferdaous. "Building a Knowledge-Based Economy in Bangladesh." Asian Business Review 4, no. 3 (2014): 119–28. http://dx.doi.org/10.18034/abr.v4i3.86.
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"Arsenic-Polluted Water Toxic to Bangladesh Economy." Asian Journal of Applied Sciences 4, no. 4 (May 1, 2011): 465–66. http://dx.doi.org/10.3923/ajaps.2011.465.466.
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