Bangladesh : The Asian Tiger Myth vs Reality

[UKBengali]

Sure enough. China is a more modest country...

Yeah, bragging about being able to take on USA is being "modest".

 

[SBUS-CXK]

Yeah, bragging about being able to take on USA is being "modest".

Please provide link proof.

Chinese Government, Chinese Media —— Anyone "bragging about being able to take on USA ".

 

[Homo Sapiens]

But people are talking about 1 trillion by 2030? It's only 11 years away, I don't see how it is possible to go from 300 billion to 1000 billion in 11 years.

Current GDP is 314 billion dollar according to IMF. With average 7.5% growth rate, it become 696 billion dollar in 2030 in current dollar. But meantime, dollar will loose value due to inflation. Suppose dollar will loose value 25% in 11 years. That means, current 100 will be equivalent of 133 dollar in 2030.

696 billion x 133/100=925 billion in 2030 dollar.

At least 1 base year upgradation is due after 2020. It will show economy at least 10 percent bigger.

So, our 2030 GDP in 2030 dollar will be 925 billion x 110/100=1017 billion or 1.017 trillion dollar.

Only condition here is to maintain 7.5% GDP growth up to 2030. Than it is virtually certain that GDP will touch 1 trillion dollar.

 

[UKBengali]

Please provide link proof.

Chinese Government, Chinese Media —— Anyone "bragging about being able to take on USA ".

https://www.navytimes.com/news/your...s-carriers-key-to-dominating-south-china-sea/

""What the United States fears the most is taking casualties,” the admiral said, before adding that such an attack on two of the U.S. Navy’s steel behemoths would claim upwards of 10,000 lives"

 

[Bengal71]

Yeah, bragging about being able to take on USA is being "modest".

https://www.navytimes.com/news/your...s-carriers-key-to-dominating-south-china-sea/

""What the United States fears the most is taking casualties,” the admiral said, before adding that such an attack on two of the U.S. Navy’s steel behemoths would claim upwards of 10,000 lives"

Please bro understand the interlocutor before engaging him. The guy is not bad, he is just very weak in English. So he misunderstands a simple post and takes offense and then retaliates. Refrain.

Current GDP is 314 billion dollar according to IMF. With average 7.5% growth rate, it become 696 billion dollar in 2030 in current dollar. But meantime, dollar will loose value due to inflation. Suppose dollar will loose value 25%. That means, current 100 will be equivalent of 133 dollar in 2030.

696 billion x 133/100=925 billion in 2030 dollar.

At least 1 base year upgradation is due after 2020. It will show economy at least 10 percent bigger.

So, our 2030 GDP in 2030 dollar will be 925 billion x 110/100=1017 billion or 1.017 trillion dollar.

Only condition here is to maintain 7.5% GDP growth up to 2030. Than it is virtually certain that GDP will touch 1 trillion dollar.

Ok let's see what happens. I am very weak in economics.

 

[SBUS-CXK]

https://www.navytimes.com/news/your...s-carriers-key-to-dominating-south-china-sea/

""What the United States fears the most is taking casualties,” the admiral said, before adding that such an attack on two of the U.S. Navy’s steel behemoths would claim upwards of 10,000 lives"

LOL.
1. Luoyuan is a famous hawk in China（don't tell me that other countries don't have hawks）.
2. he has retired. But now he is a guest on some TV programs.
3. his remarks do not represent the Chinese government.
4. this is not Chinese news.

Please bro understand the interlocutor before engaging him. The guy is not bad, he is just very weak in English. So he misunderstands a simple post and takes offense and then retaliates. Refrain.

Which one do you mean? and what is my "retaliates"? What did I say? What did I do?

Sorry, I don't have the hobby of some Indian members to collect chat links. So I may have forgotten. you can be specific.

 

[bluesky]

In which mathematics you need 10.5% growth rate to double a number?

Doubling time will be natural logarithm of 2 divided by the growth rate.

So 70/7 = 10 years.

Go for the compound form, but I doubt you will understand that math. Or you may go for Logarithm to get the correct result. You will not know if you are not a science/engineering student. Even the Commerce students learn it in their B.Com Class.

 

[Bengal71]

Go for the compound form, but I doubt you will understand that math. Or you may go for Logarithm to get the correct result. You will not know if you are not a science/engineering student. Even the Commerce students learn it in their B.Com Class.

Well I thought I used the compound form.

http://financeformulas.net/Doubling-Time-Continuous-Compounding.html

Here is the simple doubling time

http://financeformulas.net/Doubling_Time.html#calcHeader

Both come to a little more or less 10 years. There are calculators in the links too.

I am IT student (was long time ago). Explain the math to me.

 

[bluesky]

Well I thought I used the compound form.

http://financeformulas.net/Doubling-Time-Continuous-Compounding.html

Here is the simple doubling time

http://financeformulas.net/Doubling_Time.html#calcHeader

Both come to a little more or less 10 years. There are calculators in the links too.

I am IT student (was long time ago). Explain the math to me.

Oh!! As usual, you are finding a defect in me. This time it is 10.5 with your more or less 10.0. You are a great man. But, you did not find any defect when someone claimed the GDP will re-double in 14 years when it is still growing at about 7.5% (?). I thought you are not a feeble-minded brat.

 

[Bengal71]

Oh!! As usual, you are finding a defect in me. This time it is 10.5 with your more or less 10.0. You are a great man. But, you did not find any defect when someone claimed the GDP will re-double in 14 years when it is still growing at about 7.5% (?). I thought you are not a feeble-minded brat.

Wow, I just don't understand how I found a defect in you and how the discussion became confrontational.

You said it will require 10.5% growth rate to double the economy by 2030. I just quickly checked the doubling time with a 7% growth rate and it shows ~10 years. So just asked the question.

I have raised questions to other Bengali members in the same thread if the current GDP is 300 billion, with 7% growth rate how can it become 1 trillion by 2030, about 11 years. As per my calculations, it comes to around 600 billion. They then explained the rebasing of economy, inflation etc which I have little understanding of since I don't have knowledge of economics. You can check my previous posts in the same thread.

 

[Bilal9]

Current GDP is 314 billion dollar according to IMF. With average 7.5% growth rate, it become 696 billion dollar in 2030 in current dollar. But meantime, dollar will loose value due to inflation. Suppose dollar will loose value 25% in 11 years. That means, current 100 will be equivalent of 133 dollar in 2030.

696 billion x 133/100=925 billion in 2030 dollar.

At least 1 base year upgradation is due after 2020. It will show economy at least 10 percent bigger.

So, our 2030 GDP in 2030 dollar will be 925 billion x 110/100=1017 billion or 1.017 trillion dollar.

Only condition here is to maintain 7.5% GDP growth up to 2030. Than it is virtually certain that GDP will touch 1 trillion dollar.

Well lofty goals are good but we have to keep planning to make sure the goals are realized. Don't want to be doubting Thomas but sometimes things slow down, like the Asian Tigers....we have to work very hard avoid those situations.

Skills upgradation for IT and skilled production jobs (such as metalworking, metal-processing, welding) would be our number one challenge. We need to employ mass level training programs for these.

 

[Fledgingwings]

Just look at post 37 lol. Just speechless the level of idiocy on display. They can never accept Pakistan is better at something or even doing ok and improving at something......if it somehow detracts away from Bangladesh in the slightest.

This particular one has been like that ever since I posted the reality of his society compared to Pakistan where Bangladesh govt cannot hide/fake the data as much:

https://data.worldbank.org/indicator/SP.ADO.TFRT?locations=BD-PK

But of course womens liberation feelz can prove things beyond such data! BAL STRONK.

@N.Siddiqui @Indus Pakistan @PAKISTANFOREVER @Mentee @Tps43 @ps3linux @OsmanAli98 @Pakhtoon yum @Desert Fox @I.R.A @M.AsfandYar @Imran Khan @CHACHA"G" @Game.Invade @Sher Shah Awan @Aung Zaya @Cookie Monster @Khan_21

I like and wish BD to develop and prosper because it has the right just like any other country but there obsession of comparing everything with pakistan in a way they like is beyond despair.

 

[Pakhtoon yum]

Just look at post 37 lol. Just speechless the level of idiocy on display. They can never accept Pakistan is better at something or even doing ok and improving at something......if it somehow detracts away from Bangladesh in the slightest.

This particular one has been like that ever since I posted the reality of his society compared to Pakistan where Bangladesh govt cannot hide/fake the data as much:

https://data.worldbank.org/indicator/SP.ADO.TFRT?locations=BD-PK

But of course womens liberation feelz can prove things beyond such data! BAL STRONK.

@N.Siddiqui @Indus Pakistan @PAKISTANFOREVER @Mentee @Tps43 @ps3linux @OsmanAli98 @Pakhtoon yum @Desert Fox @I.R.A @M.AsfandYar @Imran Khan @CHACHA"G" @Game.Invade @Sher Shah Awan @Aung Zaya @Cookie Monster @Khan_21

Their attitude is very annoying, like immature babies crying over everything

 

[Homo Sapiens]

I like and wish BD to develop and prosper because it has the right just like any other country but there obsession of comparing everything with pakistan in a way they like is beyond despair.

Comparison usually do not come here naturally unless you guys start trolling. In that case we do not have remain any other option other than to showing the mirror.

 

[UKBengali]

Comparison usually do not come here naturally unless you guys start trolling. In that case we do not have remain any other option other than to showing the mirror.

Yep, I just do not understand why people get offended at BD doing well.

It is a good example of how S Asia does not have any inherent reason not to be able to develop like E Asia.

GDP per capita is now growing at a sustained level of 7% and is only getting higher. The Indian growth did not prove resilient enough as there was a some big lows in-between highs but BD is just slowly increasing the growth decade by decade.

Although BD does have a big advantaged in terms of dominant single ethnicity, both India and Pakistan have far more resources than BD and so should be able to do much better.