Country needs $82.5-bn investment in power to be developed one’

[Nike]

[QUOTE="Mage, post: 10496360
Thing is, what other countries can do, may not be imitated by BD. Moreover, 1960-85 was only a high growth period in South Korea during which its economy matured. S. Korea prepared itself for an economic take off by the Japanese policy itself, although the latter was a colonial power. Japan introduced a mass education for all Koreans, built many factories and manufacturing plants that gave Korea a great push forward.

Note the chart above. It shows South Korea began developing since at least 1911, when it was under Japanese colonialism. The economy went down in 1943 due to WWll. It was already quite a bit developed when Japan left in 1945.

Instead of comparing ourselves with south, we should compare with north Korea, which has not developed as the south. India can be somewhat be compared with south Korea, though the former remains far behind (a legacy of British colonialism) the development of south Korea.

Err actually Nork region itself is much more developed during Japanese occupation and most of Japanese Manchurian manufacturing industries is centered in Nork (around Pyong Yang all the way to Yalu River) to support their Kwantung Army during the war. Much more after the cease fire, they got large support in industry and economic development from Warsaw pacts and China. The South is largely basket case, undeveloped agriculture region before Korean war till 70's. Even much poorer compared to many African sub saharan countries at the times. Thats why Nork till now heavily industrialized to the extend they can manufacturing all of their heavy weaponry (like Tanks, Arty, Rocket and so on).

Bd itself is doing good economically, actually. The case is, Bd lack comprehend initiative and incentive to promote the rising of basic heavy manufacturing (automotive, steel, petrochemical and smelter industries) and lack of basic infrastructure (like railway and tollroads) also the unchecked Banking sector is what worry me the most.

Instead what i can i see is, Bangladesh trying to promote and jump into third tier and fourth tier industries like electronic assembly and services industries (on regard to IT and smart services sector), i can't said it is bad strategies or not. But most Far Eastern and South East Countries right now (like Thailand, Indonesia and Vietnam) is trying to develop their second tier industries first before jumping into third and fourth tier, its all to gain know how knowledge to advance to more complex industry and to decrease dependencies on import to much basic goods to support your industrialization efforts.

 

[Black_cats]

Stupid Gadha, when did I say such a thing? Why are you such a blind not to see the level of India's industrial development? India is already two hundred years ahead of us. This is why Indian TATA is coming to BD and not the UKBengali Company from your Shonar Bangla going to India. How can you expect BD to surpass India when Indians can build their own long bridges, barrages, dams, chemical factories, steel mills, tunnels, power stations, railway coaches, goods trains and hundred others, whereas blind Shonar Bangla people like you cannot do anything.

At least produce steel NAILS in BD that do not bend at the first strike of a hammer and talk big, you disillusioned stupid and then compare with India. BD imports all its good quality nails from China and India. With this level of industrial macho and your kind of COHERENT genius there is no doubt BD will surpass India and will become a developed country by 2041 or before.

A person should have a minimum intelligence to know what westerners did in five hundred years and India has been doing for the last one hundred years (since during British time) cannot be done by the BD people when the majority of people here are just a bunch of dumb fools like you are. Fools like you cannot even produce a lathe machine. So, how can you or your super human @Black_cats can claim so many things can be done in the next 23 years? Talking big does not make a nation big. But, you guys are just a pair of drunk talkers.

Why you are talking as if some of us claimed Bangladesh will be equivalent to the level of USA by 2041? It is just like saying all developing countries are of the same level. Simply this is not the case. We are taking about achieving the level of countries like Mexico or Turkey or like that of USA of 1950 by 2041. You can say this is challenging and as I said before we can slip couple of years to achieve that but at least you should have a target. Without target you can not achieve anything.

 

[Nilgiri]

Power supplied to various industries driving growth is what he meant

Nasrul Hamid has said Bangladesh needs $82.5-billion investment in the power sector to be a developed country by 2041.

Just 83 billion dollar investment ----> power -----> developed country (in 2041).

If someone has original Bengali that got mistranslated a bit or something, sure lets see it.

If said directly in English, thats a pretty ridiculous thing to say.

You cannot just make a one-off statement anyway without having a dedicated fleshed out plan (and keep the time frame within a decade, not something stupid long) described as well, something like:

https://www.ibef.org/industry/power-sector-india.aspx

Instead of comparing ourselves with south, we should compare with north Korea, which has not developed as the south.

North Korea actually inherited vast majority of the Korean (heavy) industry developed by Japs, because thats where more of the natural resources were. South Korea was dirt poor with near 0 inheritance, they were more the rice basket of Korea historically (though Seoul was always generally the capital, since its about halfway between the two regions).

Why South Korea was able to lift itself from the dirt and turmoil, is encapsulated in this video (esp 2nd half of it):

Whereas North got too involved in the Socialist over-control (often called Communism) of economy.

Lesson of story: The more free-market your country introduces, the better it will do (because govt SUCKS at the management of something as diverse as economy....its why socialist countries only focused on just a few (largely heavy + capital intensive) industries at most and collapsed from the strain....or continue in zombie mode like North Korea.

 

[UKBengali]

Lesson of story: The more free-market your country introduces, the better it will do (because govt SUCKS at the management of something as diverse as economy....its why socialist countries only focused on just a few (largely heavy + capital intensive) industries at most and collapsed from the strain....or continue in zombie mode like North Korea.

I wish you would realise that you have no clue what you are talking about.

Reason why Soviet Union collapsed was mainly due to the 12-14% of GDP on average defence spending. US or any other Western country would have collapsed if it tried the same.

PS - It's multi-ethnicity also helped in the collapse as it was not a real nation.

 

[bluesky]

Why you are talking as if some of us claimed Bangladesh will be equivalent to the level of USA by 2041? It is just like saying all developing countries are of the same level. Simply this is not the case. We are taking about achieving the level of countries like Mexico or Turkey or like that of USA of 1950 by 2041. You can say this is challenging and as I said before we can slip couple of years to achieve that but at least you should have a target. Without target you can not achieve anything.

BD target is false and improbable to attain. Guys like you are trying to make us believe that BD can earn a Doctorate degree before even it has passed the Kindergarten. Better you learn about the criteria of becoming a developed country. When India is still categorized as a developing country with many of its primary, secondary and tertiary production facilities available for the last hundred years, how come you guys start shouting a developed BD by 2041?

Considering its present level of development, it is better that BD sets a goal at 3041 if not 4041. I hope and wish BD to successfully graduate to a developing status in around 2041 from an LDC now. But, I believe it will still technically remain a traditional society with traditional mind. Garbage will still litter Dhaka streets, no functional transport system in the city, buses are obsolete, roads are waterlogged, pipe water not available outside of a few municipalities, roads not crisscrossing the countryside, power production insufficient, villagers sell their vegetables on the dirty streets of the towns one day a week etc. etc.

So, Bd will fix all these in a few years and will become a developed country. What an immature way of thinking!!! Better you study the criteria of a developed country. I wonder what smart people like you have been doing since 1947?

 

[UKBengali]

no functional transport system in the city

How many times do I have to explain to you about Dhaka RSTP 2016-2035 that will be financed and built using Japanese technology? Do you believe your Japanese Gods are unable to deliver?
Already the first metro line and elevated expressway are being built as part of the plan.

Why do you not understand when even a 5 year old could?

 

[Nilgiri]

Reason why Soviet Union collapsed was mainly due to the 12-14% of GDP on average defence spending. US or any other Western country would have collapsed if it tried the same.

And why was it defence spending that high as % of GDP and much lower in the west? (hint: govt being responsible for every economic related matter and atrocious stagnation resulting from that given opportunity costs of growing past heavy industry)

so yeah LOL....you are just a fucking idiot....you coudln't even sustain one or two words on what the difference is between say Keynes and Friedman, and you want to bitch

you have no clue what you are talking about.

Go collect some more used toilet paper to collect and sniff you ugly 70% poverty rate bong janitor....that is the only thing you have some clue about it seems.

 

[UKBengali]

And why was it defence spending that high as % of GDP and much lower in the west? (hint: govt being responsible for every economic related matter and atrocious stagnation resulting from that given opportunity costs of growing past heavy industry)

so yeah LOL....you are just a fucking idiot....you coudln't even sustain one or two words on what the difference is between say Keynes and Friedman, and you want to bitch

Dumbass thinks he is smart because he can regurgitate some stuff he reads.

Kid, the reason why Soviet Union spent so much was that it wanted to be as powerful as the US with an economy that was around 1/3rd as strong.
After WW2, the Soviets were very paranoid that US and some W European countries would try to do as per the Nazis and so they built a military that would be invincible on the Eurasian continent. This very high level of defence spending mean that civilian economy got neglected, leading to lower growth and so needing higher defence spending and the cycle kept repeating till the 1991 collapse.

Now go cry in your little corner and learn something before filling this forum with constant crap.

 

[Nilgiri]

Dumbass thinks he is smart because he can regurgitate some stuff he reads.

Kid, the reason why Soviet Union spent so much was that it wanted to be as powerful as the US with an economy that was around 1/3rd as strong.
After WW2, the Soviets were very paranoid that US and some W European countries would try to do as per the Nazis and so they built a military that would be invincible on the Eurasian continent. This very high level of defence spending mean that civilian economy got neglected, leading to lower growth and so needing higher defence spending and the cycle kept repeating till the 1991 collapse.

Now go cry in your little corner and learn something before filling this forum with constant crap.

LOL, haven't even looked into what GOSPLAN is, or how it attempted change (structurally) from Stalin to Kruschev to Brezhnev to Gorbachev and for what key reasons (hint: basic output stasis + consumer good demand). Poor little janitor.... so mad I exposed its used toilet paper hobby to everyone here lol.

 

[UKBengali]

LOL, haven't even looked into what GOSPLAN is, or how it attempted change (structurally) from Stalin to Kruschev to Brezhnev to Gorbachev and for what key reasons (hint: basic output stasis + consumer good demand). Poor little janitor.... so mad I exposed its used toilet paper hobby to everyone here lol.

Dumb ***, what would happen to say a Western economy like France it if it spent 12-14% of GDP on defence for 4-5 decades?

Don't answer as it would collapse economically, although it would survive as it is a real nation state unlike the Soviet Union or your "country" called India that would split into it's many different parts.

Now you are boring me and so do not reply as you are totally out of your depth here.

 

[Doctor Strange]

Now you are putting words in the ministers mouth to try make it look better. It's a frigging 2041 fartsy projection to begin with lol. BD power addition so far is not inspiring at all (even with the improvement over before), why are things expected to improve by magnitudes sustainably?

I think 60 GW is the target to achieve by 2041. It will pave the way to make BD developed country in future. I have calculated enough but closest it got is half way towards developed country. I think its not 60 GW but more than 100 GW is needed to be developed country by 2041. 120 GW to be more precise. Around 5000 kwh per person a year. As they are saying 24 GW is in process by 2021. By 2041 60 GW is very much possible. Yes things are slow in BD to build everything from ground.

 

[Bilal9]

I think 60 GW is the target to achieve by 2041. It will pave the way to make BD developed country in future. I have calculated enough but closest it got is half way towards developed country. I think its not 60 GW but more than 100 GW is needed to be developed country by 2041. 120 GW to be more precise. Around 5000 kwh per person a year. As they are saying 24 GW is in process by 2021. By 2041 60 GW is very much possible. Yes things are slow in BD to build everything from ground.

A lot of puzzle-pieces have to fall into place and click before massive generation capacities like this can be achieved. South Korea went through these growing pains and was helped somewhat by the Japanese.

On the logistics, pressure vessel manufacturing and substation distribution side we are self sufficient. Heavy lift cranes up to a 1000 tonnes capacity and large pressure vessels are routinely manufactured locally. Transformers up to medium load level also made locally. Transmission towers and substation switchgear also made locally. But so much still is not.

Most importantly, we are still dependent on outside sources for turbines and critical parts. Manufacturing those will have to be brought into local area by urgent ToT steps.

Our country (as I have discussed in other threads) is also not advanced enough in heavy engineering especially metallurgy of advanced alloys. That situation has to be corrected without delay as well.

 

[Nike]

I wish you would realise that you have no clue what you are talking about.

Reason why Soviet Union collapsed was mainly due to the 12-14% of GDP on average defence spending. US or any other Western country would have collapsed if it tried the same.

PS - It's multi-ethnicity also helped in the collapse as it was not a real nation.

High Defense spending is just tip of the iceberg of their so many Economic problems. If so, why they dont collaps right away a decade or two after the formation of Soviet union albeit at the time of Lenin and Stalin their defense spending is actually much higher compared to their gdp, the era of Brezhnev, Kurschev all the way till Gorbachev is a shy compared what Stalin spent for defense and Revolution matter.

https://nintil.com/2016/05/31/the-soviet-union-military-spending/

Just a matter of facts, actually North Korea which is still survived till now spent much of their economy resources toward defense compared to what Soviet had done in the past. But they just dont collaps right away

 

[Homo Sapiens]

Our country (as I have discussed in other threads) is also not advanced enough in heavy engineering especially metallurgy of advanced alloys. That situation has to be corrected without delay as well.

Countries which are developing now will not have the exact same development strategy as those developed countries who was developing in 1960s. They focused on heavy industry and metallurgy because that was the only path to transform a big or medium sized country from the subsistence agricultural economy to advanced economy.Then service sector was a tiny component of the economy, the world was not much integrated, world financial sector was much much smaller, information and communication technology was non existent. Now we have so many way to propel our growth. So, rapid flourishment of heavy industry is welcome, but that does not mean we can't achieve high growth without emphasizing it at least up to higher middle income status.We sure need heavy industry to become a fully developed country. Most of the countries which emphasized on heavy industry are rich in Iron, Coal, Oil etc(exception being Japan, South Korea but that was the time when they have no other choice other than to imitate other mineral rich countries). So the most logical path of them to set the development course was to go for heavy industry.

Currently how Bangladesh is trying to advance the economy with mix of industry(slow but steady push from labor intensive light and medium sized industry towards heavy industry), information and communication technology, retail sector, construction, service sector is looking good to me for at least another 20 years. India is 10 times larger economy than BD, plus rich in Iron ore and Coal, so they could focused on heavy industry from early stage despite being a very poor country. Because economic scale was there. Some bozos here are constantly comparing Indian economic set up with that of Bangladesh forgetting the size difference, resource endowment and other things.Or comparing the development course of Japan, South Korea and Germany forgetting the different timescale.To them heavy industry is the one and only path of Nirvana in this year of 2018.

 

[Michael Corleone]

Just 83 billion dollar investment ----> power -----> developed country (in 2041).

If someone has original Bengali that got mistranslated a bit or something, sure lets see it.

If said directly in English, thats a pretty ridiculous thing to say.

You cannot just make a one-off statement anyway without having a dedicated fleshed out plan (and keep the time frame within a decade, not something stupid long) described as well, something like:

https://www.ibef.org/industry/power-sector-india.aspx



North Korea actually inherited vast majority of the Korean (heavy) industry developed by Japs, because thats where more of the natural resources were. South Korea was dirt poor with near 0 inheritance, they were more the rice basket of Korea historically (though Seoul was always generally the capital, since its about halfway between the two regions).

Why South Korea was able to lift itself from the dirt and turmoil, is encapsulated in this video (esp 2nd half of it):

Whereas North got too involved in the Socialist over-control (often called Communism) of economy.

Lesson of story: The more free-market your country introduces, the better it will do (because govt SUCKS at the management of something as diverse as economy....its why socialist countries only focused on just a few (largely heavy + capital intensive) industries at most and collapsed from the strain....or continue in zombie mode like North Korea.

I thought too especially given that 22billion of that have already been invested. But I’m kind of confused because there are no power cuts anymore in Bangladesh...