Can Bangladesh become an economic powerhouse?

[Michael Corleone]

except textile what is Bangladesh strength? what i know Bangladesh is not endowed with Natural resources in plenty and neither their Human Resources quality

At the projection for 2050 by PwC,there is not much difference of size of economy from 23rd position to 17th position.23rd position Bangladesh is projected to have 3064 billion and 17th position Iran will have 3900 billion.So 7 countries within the gap of 836 billion dollar.For a range of 3000-4000 billion,836 billion is not much.So this 7 country's ranking can go in any direction with slight deviation from their projection.So Bangladesh have very real possibility to be among top 20 economy by 2050.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&cad=rja&uact=8&ved=0ahUKEwiRysL71pPSAhUEsY8KHeaKDZkQFggsMAM&url=http://www.pwc.com/gx/en/world-2050/assets/pwc-the-world-in-2050-full-report-feb-2017.pdf&usg=AFQjCNGOp8wR5xYykJo2o2GarA0LqvVR7w&sig2=gulo8UYXjCwSgOc8ZzMwZw

what about shipbuilding.... as the world is now moving to smaller scale ships than large ones because of the economic benefits...


sure it won't make them a powerhouse.... that's the top ten countries on the list... more specifially top 5 in reality....

 

[Nike]

These supa pawa complex....Well dreaming big is nothing wrong

well i just said, BD need some kind of economic diversification to bringing out all of their potential. Your country leader need to assess what is Bangladesh weakness and strength to do that

what about shipbuilding.... as the world is now moving to smaller scale ships than large ones because of the economic benefits...


sure it won't make them a powerhouse.... that's the top ten countries on the list... more specifially top 5 in reality....

not really, the global economic is just in recession, meanwhile we are witnessing some potential economic powerhouse like India, Indonesia and China still capable to maintain their economic growth up to more than 5 per-cent a year. Just in decade ahead, world economy will need more big ships to moving cargo bulks and goods to those countries like never seen before. And as we know, Europe and US will not staying in recession mode forever

 

[Michael Corleone]

well i just said, BD need some kind of economic diversification to bringing out all of their potential. Your country leader need to assess what is Bangladesh weakness and strength to do that



not really, the global economic is just in recession, meanwhile we are witnessing some potential economic powerhouse like India, Indonesia and China still capable to maintain their economic growth up to more than 5 per-cent a year. Just in decade ahead, world economy will need more big ships to moving cargo bulks and goods to those countries like never seen before. And as we know, Europe and US will not staying in recession mode forever

i can see india and china as economic powerhouse... but indonesia?
if it's all about +5% growth... we are doing that too lol.

 

[Mage]

well i just said, BD need some kind of economic diversification to bringing out all of their potential. Your country leader need to assess what is Bangladesh weakness and strength to do that

I wasn't replying to you in particular. And what you said is right. There are some attempts to diversify the economy. Leather, IT, Pharmaceuticals, Ship Building are generally considered as potential sectors.

 

[TopCat]

Have we started writing self praising articles like Indians these days?

 

[Nike]

i can see india and china as economic powerhouse... but indonesia?
if it's all about +5% growth... we are doing that too lol.

LoL, we are doing good considering our size. Our economy is atleast four times much larger than Bangladesh or twice the size of BD and Pakistan combined. Half of ASEAN GDP is located in Indonesia and Indonesia is part of G-20. And hmm, we are endowed with Natural resources, had a decent manufacturing sector, and medium rate HDI with tendencies to progressing by each passing year

 

[TopCat]

I wasn't replying to you in particular. And what you said is right. There are some attempts to diversify the economy. Leather, IT, Pharmaceuticals, Ship Building are generally considered as potential sectors.

You have no idea how things are changing on the ground. Lots of investment coming in chemicals and engineering sectors.

 

[extra terrestrial]

Depends on how you define an economic powerhouse. IMO, the real economic powerhouses in Asia are Japan, South Korea, China, Taiwan and Singapore...

Any country with huge population and natural resources could climb up the GDP rankings. The real deal is to have an esteemed brand value and a high manufacturing and technological capacity... To reach that level, we have a long long way to go...

 

[Nike]

Depends on how you define an economic powerhouse. IMO, the real economic powerhouses in Asia are Japan, South Korea, China, Taiwan and Singapore...

Any country with huge population and natural resources could climb up the GDP rankings. The real deal is to have an esteemed brand value and a high manufacturing and technological capacity... To reach that level, we have a long long way to go...

Singapore is not economic powerhouse, banking and financial center is certain, but economic powerhouse is certainly not. Their people had achieved upper level of income and their economic prosperity had seized the most limit any finance center and services hub can offer, at best they will reach Scandinavian level of prosperity but in all their tiny size and lack of footprints unabled them from reaching any higher achievements. In recent years their economic clouds had been limited severely by the rising economic power of their neighbors.

 

[extra terrestrial]

Singapore is not economic powerhouse, banking and financial center is certain, but economic powerhouse is certainly not. Their people had achieved upper level of income and their economic prosperity had seized the most limit any finance center and services hub can offer, at best they will reach Scandinavian level of prosperity but in all their tiny size and lack of footprints unabled them from reaching any higher achievements. In recent years their economic clouds had been limited severely by the rising economic power of their neighbors.

Well, Singapore is still considered an Asian Tiger. Their financial services are renowned all over the globe while their technological capacity is also quite examplary...

 

[Homo Sapiens]

at best they will reach Scandinavian level of prosperity

Singapore is already more prosperous than each and every Scandinavian country.With 87,000 USD per capita Singapore dwarf every country in the world except Qatar and micro state like Monaco,Lichtenstein.

 

[Nabil365]

Singapore is not economic powerhouse, banking and financial center is certain, but economic powerhouse is certainly not. Their people had achieved upper level of income and their economic prosperity had seized the most limit any finance center and services hub can offer, at best they will reach Scandinavian level of prosperity but in all their tiny size and lack of footprints unabled them from reaching any higher achievements. In recent years their economic clouds had been limited severely by the rising economic power of their neighbors.

Lol but average Indonesian earns way less than an average Singaporean.

 

[Nike]

Lol but average Indonesian earns way less than an average Singaporean.

Lol, twice much better than your country

 

[bluesky]

Singapore is already more prosperous than each and every Scandinavian country.With 87,000 USD per capita Singapore dwarf every country in the world except Qatar and micro state like Monaco,Lichtenstein.

- Singapore GDP is 51855 USD per capita and 80190 USD per capita PPP.

 

[Homo Sapiens]

- Singapore GDP is 51855 USD per capita and 80190 USD per capita PPP.

I have used IMF, Oct.2016 data.
https://www.imf.org/external/pubs/f...=9&c=142,128,576,172,144,176&s=PPPPC&grp=0&a=