Friday, 7 January 2011

People want positive changes and our economy

          The government should take initiatives which bring only the well-being of the country and as well as of the p well as of the people of  Bangladesh.But we hardly find such initiatives taken by the incumbent government.The government should take pragmatic steps to save immediately.
          1.Dhaka from severe traffic congestion.2.The rural and urban people from extortion.  3.Share market from unexpected rise and fall.   4.Chhatra League from illegal activities.   5.Women and children from stalking,rape, humiliation and smuggling.    6.The poor and middle income people from frequent price rise in the kitchen market.   7. Remove beggars and crowed buildings from Dhaka city.   8.Make load shedding tolerable.  9.Root out bribery from the office sphere.   This list can go on and on.The people would like to see immediate changes.
            With the accession of Sheikh Hasina to power, a vision began to germinate . That vision was that of a Bangladesh which is vibrant with the entrepreneurial energy of the few, with the rest of the population serving with their labour.The argument was that despite 40 years of Independence, most of the Bangladeshis, Remain desperately poor and many barely, Literate Free market advocates backing the present government thought that the energy of the business community could both enrich the rich and, through trickle-down effects,improve the condition of ordinary people.
              The upcoming budget of 2011-12 would be a further step towards the implementation of that vision.Quoting from Margaret Thatcher, you and I come by road or rail, but economists travel on infrastructure.With more than 67 per cent of the nation's freight moving on highways, economists believe that our ability to compete internationally is tied to the quality of our infrastructure, although economists are pre-occupied with wealth, and are criticised for disregarding all consideration of happiness or virtue.
               The present government drastically cut down public investment and expenditure on the social sector.As soon as the global financial crisis hit Bangladesh and the interests of the Bangladesh's rich demanded fiscal stimulus, the government overthrew fiscal orthodoxy and budget deficits soared.The Minto Road-based policymaker can claim that the stimulus worked and the growth rates did not crash.The problem is with the content of that growth.

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