Economic Development of Bangladesh

Dr Haradhan Mohajan ()

MPRA Paper from University Library of Munich, Germany

Abstract: Bangladesh is a developing country in the South Asia. Its illiterate and unskilled large population is a burden to the country. Agriculture is the main source of the income of the country. Government of the country is taking various steps to decrease poverty, but yet about one-third of people of Bangladesh are living below the national poverty line. More than half of the children of Bangladesh are underweight. The gross domestic product (GDP) is hovering around 6% for the last decade. Migrated labor and send remittances were on the increase. Conversely inflation, government debt and GDP growth are nothing to write home about. Shortage of electricity and gas supplies, poor road network, bridges and ports, political unrest and natural calamities are major problems in national production and economic development. Debt burden of the government is increasing rapidly over time due to increase in the budget deficit. Both the internal and external debts of the government are increasing every year. Among the various obstacles, Bangladesh is advocating for poverty reduction by means of improving the quality of education and promoting gender equality. This has led to an achievement of reduction in child mortality and improvement in maternal health.

Keywords: Capital market; deficit financing; development and non-development expenditures; GDP; inflation; remittance. (search for similar items in EconPapers)
JEL-codes: A14 (search for similar items in EconPapers)
Date: 2013-10-31, Revised 2013-09-23
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (34)

Published in Journal of Business Management and Administration 4.1(2013): pp. 41-48

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