Bangladesh's exports hit all-time high of over 52 bln USD in FY 2021-22

[PadmaBridge]

Are you sure Bangladeshi kids are on par with White British kids in socio-economic indicators?

where did I mention socio economic indicators??!!

All I said was GCSE and A-Level results.

 

[UKBengali]

where did I mention socio economic indicators??!!

All I said was GCSE and A-Level results.

They are ahead and the gap is widening every year.

BD'shi children are far more into education than the average white child - just need to go into a school with a significant proportion of BD'shi children and they are far better behaved than one that is mainly white "middle-class" even.

By 2025, then BD'shi children should be up there with the Chinese/Indians in terms of educational achievement, but it would take another 10-15 years for them to catch up in the socio-economic ladder.

 

[bluesky]

However, unofficial figures collected from the central bank show import expenditures of 11 months (July-May) of the just-ended fiscal year would reach $81.49 billion, exceeding exports by $34.32 billion.

In a developing country, it is difficult to control imports. There are demands for luxury goods and the govt needs tax money. This trend continues for decades and the deficits are covered with money borrowed from monetary organizations.

I do not think, BD is the only developing country to face a huge trade deficit. I believe the situation will start changing. The only way is to export more and the govt/ private companies have set a goal of exporting $100 billion worth of goods by 2030.

This is attainable even before 2030. BD is now a well-known source of textiles that will be more famous in the coming years. Chinese labor costs are increasing and the consumer countries will go for cheaper sources. BD is one such source.

 

[PadmaBridge]

They are ahead and the gap is widening every year.

BD'shi children are far more into education than the average white child - just need to go into a school with a significant proportion of BD'shi children and they are far better behaved than one that is mainly white "middle-class" even.

By 2025, then BD'shi children should be up there with the Chinese/Indians in terms of educational achievement, but it would take another 10-15 years for them to catch up in the socio-economic ladder.

I think it will take longer.

About 80% of Chinese kids go to private schools.

And about 25% for Indians.

I think If you exclude private schools - Bangladeshis are ahead of Indians.

 

[UKBengali]

I think it will take longer.

About 80% of Chinese kids go to private schools.

And about 25% for Indians.

I think If you exclude private schools - Bangladeshis are ahead of Indians.

I am in UK and know what I am talking about.

Most BD’shi children have private tutors and they go to very well run state schools where they make up at least 50% of the cohort.

By 2025 they will match Chinese.

 

[PadmaBridge]

In a developing country, it is difficult to control imports. There are demands for luxury goods and the govt needs tax money. This trend continues for decades and the deficits are covered with money borrowed from monetary organizations.

I do not think, BD is the only developing country to face a huge trade deficit. I believe the situation will start changing. The only way is to export more and the govt/ private companies have set a goal of exporting $100 billion worth of goods by 2030.

This is attainable even before 2030. BD is now a well-known source of textiles that will be more famous in the coming year. Chinese labor costs are increasing and the consumer countries will go for cheaper sources. BD is one such source.

Why the Trumpian obsession with trade deficits?

Very few countries run trade surpluses.

A country earns dollars in many ways.

In Bangladesh, deficit is funded by remittances.

In USA, it is funded by printing the dollar.

I am in UK and know what I am talking about.

Most BD’shi children have private tutors and they go to very well run state schools where they make up at least 50% of the cohort.

By 2025 they will match Chinese.

Private tutors and private schools are not comparable.

One is a step ladder and the other is an express elevator.

 

[UKBengali]

Why the Trumpian obsession with trade deficits?

Very few countries run trade surpluses.

A country earns dollars in many ways.

In Bangladesh, deficit is funded by remittances.

In USA, it is funded by printing the dollar.



Private tutors and private schools are not comparable.

One is a step ladder and the other is an express elevator.

Sorry you have no idea about education and the UK.

Best state schools deliver similar academic results to private ones.

My old school(50% BD’shi) in my town is one of the best in the UK and results are not far off selective private schools.

Once you get into Oxford and Cambridge you are pretty much set up for life - in the UK they are making it harder for private school students to get into Oxbridge.

 

[Kyusuibu Honbu]

Britain chose the winners and losers during the colonial era.

Based on who was most subservient to them.


Singapore and Hong Kong were amongst the pliant stooges.

@Mista is this general perception in Singapore?

 

[Mista]

No as most of Singapore exports are re-exports via foreign multinationals.

You know as it’s trade volume is much larger than its economy.

BD exports are almost always domestic companies.

A large portion but I wouldn't say most of it. Manufacturing is still an important pillar and the current account surplus contribute significantly to our economy.

Singapore’s prime minister schools Trump on how trade actually works

But he revealed his own cynicism in the process.

qz.com

Youre comparing a small city state with BD, a country of 170 million people. Also Singapore is sorrounded by countries which also had decent good development, and it has a very strategic maritime location, which made it interesting for superpower like USA and its European allies. Of course they also had wise leadership in Yew.

Lee*

Not only that but Singapore was fairly developed after the British handed over self-government internally.

In 1959(when it had full internal government) it had a per capita income 5 times higher than that of BD that was still being held back by Pakistan for another 12 years and a vicious civil war at the end as well.

Compared to South Asia definitely, but globally I wouldn't say it's spectacular.

@Mista is this general perception in Singapore?

They can say whatever they like lol.

I recommend reading this.

Bold resists external pressure | Celebrating GIC’s 40th Anniversary

The value of sterling was contentious and sensitive post World War 2, of which Singapore was heavily invested in its fate. This developed dramatically into a heated exchange of letters between then-British Chancellor of the Exchequer Roy Jenkins and Dr. Goh Keng Swee.

gichistory.gic.com.sg

 

[Kyusuibu Honbu]

They can say whatever they like lol.

I recommend reading this.

Bold resists external pressure | Celebrating GIC’s 40th Anniversary

The value of sterling was contentious and sensitive post World War 2, of which Singapore was heavily invested in its fate. This developed dramatically into a heated exchange of letters between then-British Chancellor of the Exchequer Roy Jenkins and Dr. Goh Keng Swee.

gichistory.gic.com.sg

Envious of other's success insecure people will make up delusions to compensate I guess