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Bangladesh has been ranked 36th out of 79 developing economies with 4.03 points on the Inclusive Development Index (IDI), outshining neighbouring India and Pakistan, a World Economic Forum (WEF) report revealed on Monday.
India has been placed at 60th position with 3.38 score and Pakistan 52nd with 3.56, while China is in 15th position and Nepal 27th, WEF mentioned in its Inclusive Growth and Development Report 2017.
Lithuania tops the list of 79 developing economies that features Azerbaijan and Hungary in second and third positions respectively.
According to the WEF report, Bangladesh has improved its GDP (Gross Domestic Product) per capita and reduced public debt over the last five years, but wealth inequality in the country has increased substantially.
The framework indicates that one of Bangladesh's strengths is better access to finance from the banks and the equity market than most other countries at the same income level, it said.
However, business development here is held back by red-tapism and rampant corruption, with many driven to do business in the large informal economy.
Infrastructure and basic services in the country are in dire need of improvement, as is education system - enrollment rates at primary level are low, quality of education is poor, and lower-income students particularly perform badly, thereby perpetuating inequality, the report said.
Its new global index IDI provides a richer and more nuanced assessment of the countries' level (and recent performance) of economic development than the conventional one based on GDP per capita alone.
It also provides a policy framework, showing many factors that can drive a more inclusive growth process.
IDI presented in this report has been calculated by giving equal weight to the three pillars - growth, inclusion, and intergenerational equity - as well as the 12 indicators - GDP (per capita), labour productivity, employment, healthy life expectancy, median household income, income gini, poverty rate, wealth gini, adjusted net savings, dependency ratio, public debt (as a share of GDP), and carbon intensity of GDP.
In the three pillars Bangladesh has been ranked 28th in growth scoring 3.32, 61st in inclusion scoring 2.88, and 4th in intergenerational equity scoring 5.90.
Bangladesh's GDP per capita has been calculated at 5.1 per cent in the report, while its labour productivity growth 4.1 per cent, healthy life expectancy 2.8 per cent (year-wise), employment trend 0.3 per cent, net income gini trend -0.4 per cent, poverty trend -6.2 per cent, public debt trend -1.4, according to the report.
source: http://www.thefinancialexpress-bd.c...ong-developing-nations;-beats-India,-Pakistan
India has been placed at 60th position with 3.38 score and Pakistan 52nd with 3.56, while China is in 15th position and Nepal 27th, WEF mentioned in its Inclusive Growth and Development Report 2017.
Lithuania tops the list of 79 developing economies that features Azerbaijan and Hungary in second and third positions respectively.
According to the WEF report, Bangladesh has improved its GDP (Gross Domestic Product) per capita and reduced public debt over the last five years, but wealth inequality in the country has increased substantially.
The framework indicates that one of Bangladesh's strengths is better access to finance from the banks and the equity market than most other countries at the same income level, it said.
However, business development here is held back by red-tapism and rampant corruption, with many driven to do business in the large informal economy.
Infrastructure and basic services in the country are in dire need of improvement, as is education system - enrollment rates at primary level are low, quality of education is poor, and lower-income students particularly perform badly, thereby perpetuating inequality, the report said.
Its new global index IDI provides a richer and more nuanced assessment of the countries' level (and recent performance) of economic development than the conventional one based on GDP per capita alone.
It also provides a policy framework, showing many factors that can drive a more inclusive growth process.
IDI presented in this report has been calculated by giving equal weight to the three pillars - growth, inclusion, and intergenerational equity - as well as the 12 indicators - GDP (per capita), labour productivity, employment, healthy life expectancy, median household income, income gini, poverty rate, wealth gini, adjusted net savings, dependency ratio, public debt (as a share of GDP), and carbon intensity of GDP.
In the three pillars Bangladesh has been ranked 28th in growth scoring 3.32, 61st in inclusion scoring 2.88, and 4th in intergenerational equity scoring 5.90.
Bangladesh's GDP per capita has been calculated at 5.1 per cent in the report, while its labour productivity growth 4.1 per cent, healthy life expectancy 2.8 per cent (year-wise), employment trend 0.3 per cent, net income gini trend -0.4 per cent, poverty trend -6.2 per cent, public debt trend -1.4, according to the report.
source: http://www.thefinancialexpress-bd.c...ong-developing-nations;-beats-India,-Pakistan
