Khatiar2012’s Weblog


How to enhance the Economic Growth of Bangladesh
December 19, 2007, 5:21 pm
Filed under: Economics and Finance

Bangladesh is a low-lying riverside country located in South Asia. The country has been enriched with the convergence of the Ganges (Padma), Brahmaputra (Jamuna), and Meghna Rivers and their tributaries which pour out into the Bay of Bengal. Bangladesh is surrounded by India to the east, north, and west and shares a short border with Myanmar (Burma) in the southeast. The country is for the most part flat, with 90% of its landmass less than 10 meters above sea level. With a population of approximately 140 million, Bangladesh is the most densely populated agricultural country in the world. There is no denying the fact that sometimes we cherish to be something which we possibly are not able to achieve in our entire life. One of my sorts of desire is gaining absolute power of my country. I will then definitely take some efficient, corrective, and innovative measures to change Bangladesh’s economy to a different level for the betterment of me as well as for our beloved countrymen. Our country is badly in need of a gradual but an evolutionary change in several sectors for the better flow of the economy. There would be five main steps that I will take to build up Bangladesh’s economy. First thing I would do is set up a perfect strategy for huge industrialization. Though 64.5% countrymen are literate (ICDDRB and ILO report-2006) among which 15% are at least graduate, unfortunately the unemployment rate is still 25% among them because of the less availability for vacancies. Only by making the ground of establishing new industries can give the vacancies and thus reduce the unemployment rate. If I can do industrial revolution then our export will also increase. Moreover, as there will be whiter collar jobs, so brain drain will be reduced which will immensely help to sparkle our economy.

The second one will be related to our morality. Yes, I am talking about self-authorization. I will urge everyone to do their respective duties properly. I will even introduce new laws and punishment to make them do so. I will elide full independence to our law deportment for stopping any sort of conspiracy or corruption. For last six years Bangladesh has become first among all the countries of the world in corruption. Other countries say our country has become a bottomless basket. I will put up my heart and soul effort to turn it from bottom less basket into a flower bouquet. We can only dream of being economically solvent if and only if we can stop the ever increasing corruption in every sector from our country.

The third step will be done considering our geographical structure. Our country is of fauna and flora. Bangladesh’s has so many places of historical interest and so many heavenly places full of natural beauty. On the south, we have the Bay of Bengal. It has the longest and shark free sea beach in the entire world. The hill city Sylhet, Bandar ban, Rangamati, Khagrachori has so many tourist places. Foiz lake, Kaptai, Naaf river, Bhola Heritage Park are some places where there are huge opportunities to gain huge profit by making these places easier to live and visit by foreigners. I would try to make the best use of this natural resource and reestablish those as supreme tourist place to earn a huge foreign currency. The historic ground and structural beauty is also rich in our country. Bagherhat, Shahzalal (R)’s Sat Gambuj mosque are some spectacular places to visit. Moreover Shaheed Minar, Savar Shriti Shoudha etc are some patriotic and pompous sculptures. Dhaka city contains the highest number of mosques. Old Dhaka has there traditional languages, food and dress which attracts the foreigners great deal. Our part city Chittagong is also very beautiful. I will try to turn them to supreme tourist place to earn huge foreign currency.
The next step that I will take is related to our agriculture.
Bangladesh is an agricultural country. As 85% of total population are somehow, directly or indirectly related to the sector, so no effort will be successful al all of this sector don’t get established. It is said that Bangladesh will remain alive if its 63 thousand villages live. That means for economic stability we need to work right the root level and that is our village. As our villages have fertile land s and expert farmers so I will give highest portion of subsidy to our agricultural sector. There are some sectors where great economic growth can be achieved. Growing corn, wheat, setting up more fish farm, poultry and dairy farm will help us to help the cause.

In view of the above discussion, the last but not the least thing that I would do is the proper utilization of our natural resources. Bangladesh has huge resources of natural gas that no other countries have. By using this gas we can reduce our production cost in industry , electric plants and also in transports. Jute is also another resource of our country. Once it was regarded as the golden fiber of Bangladesh. I will try to regain its lost glory and in the process earn lots of money. Honey and candle of Sunder band are other famous thing. We also our traditional clothes (Zamdani Sarees), tannery goods, garments, knitwear, prone, hilsa, green vegetables which have great demand in foreign countries. I will definitely ensure the proper exports of these resources. These will be my aim if I get my cherished desire of gaining absolute power once and for all in my entire life. I dearly love my country. I will do whatever it takes to turn it into a real golden Bengal.


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