Economic zones to create 1cr jobs, boost export by $40 billion

[Nilgiri]

LMAO that pic with white beard....MongolCat ftw.

I forget, did you ever see the pic I drew of the chinese-turkish boxing contest on PDF?

 

[Mage]

I forget, did you ever see the pic I drew of the chinese-turkish boxing contest on PDF?

Yeah I saw it. Got deleted afterwards.

 

[Destranator]

With too much salt you gonna ruin the curry... Most of the country in south east had bitter experience.
The countries for example Korea, Taiwan, China who managed a balance became economic super power. Those who did not for example Indonesia, Thailand lost the steam and got stuck. The exceptions are city state like SG and HK whio have different economic dynamics.

No one is stuck because of too much FDI.
Growth will continue if you remain attractive for investments.

Bangladesh government thinks opening up 100 SEZs will automatically pour in investments.

There are only so much underwears, T-shirts and jeans the planet can wear at a given time.

Our labour force is not sophisticated enough for foreign investors to fill 100 SEZs with high end manufacturing plants.

Most investors won't bother training up thousands of unskilled workers from scratch.

Any investment that comes in is therefore Godsend.

The government needs to stop bluffing about 2041 and instead launch a mega program to set up quality technical education centres in every upazilla.
Investments will follow.

Produce a million skilled electricians/fitters/machinists by 2020 and see what happens. To steal from Trump: Investments would pour in so fast, it would make your head spin.

What do you say @bluesky and @Mage ?

 

[TopCat]

No one is stuck because of too much FDI.
Growth will continue if you remain attractive for investments.

Bangladesh government thinks opening up 100 SEZs will automatically pour in investments.

There are only so much underwears, T-shirts and jeans the planet can wear at a given time.

Our labour force is not sophisticated enough for foreign investors to fill 100 SEZs with high end manufacturing plants.

Most investors won't bother training up thousands of unskilled workers from scratch.

Any investment that comes in is therefore Godsend.

The government needs to stop bluffing about 2041 and instead launch a mega program to set up quality technical education centres in every upazilla.
Investments will follow.

Produce a million skilled electricians/fitters/machinists by 2020 and see what happens. To steal from Trump: Investments would pour in so fast, it would make your head spin.

What do you say @bluesky and @Mage ?

You are talking without knowledge and appropriate research.

Investment flow to where return of investment is higher. A upper middle income country is not a good destination for investment and usually go through disinvestment and subject to capital flight if they don't have enough domestic company to fill that up. You can fill 20% gap but cant fill 80%.

Only very few countries could graduate to higher income country so far except some Gulf state with oil money. The only exceptions are Korea, Taiwan and China and all of them have one thing in common and that is their foreign investment to domestic investment are low.

I posted few research paper long time ago in this subject from prominent economist but I dont know if i could find them now. You can follow vietnamese newspaper where you can find the difficulty they are facing due to high FDI compared to domestic investment.

The first priority for government to facilitate local companies to thrive and bring in FDI to aid and create fair competition in the market. Our garments industry is a prime example where FDI were allowed only once local industries developed enough strength. Same happens in mobile phone manufacturing and home appliances where local companies are taking the lead and the foreign companies are following the local trend.

FYI: Toyota started as a weaving company.

 

[Destranator]

You are talking without knowledge and appropriate research.

Investment flow to where return of investment is higher. A upper middle income country is not a good destination for investment and usually go through disinvestment and subject to capital flight if they don't have enough domestic company to fill that up. You can fill 20% gap but cant fill 80%.

Only very few countries could graduate to higher income country so far except some Gulf state with oil money. The only exceptions are Korea, Taiwan and China and all of them have one thing in common and that is their foreign investment to domestic investment are low.

I posted few research paper long time ago in this subject from prominent economist but I dont know if i could find them now. You can follow vietnamese newspaper where you can find the difficulty they are facing due to high FDI compared to domestic investment.

The first priority for government to facilitate local companies to thrive and bring in FDI to aid and create fair competition in the market. Our garments industry is a prime example where FDI were allowed only once local industries developed enough strength. Same happens in mobile phone manufacturing and home appliances where local companies are taking the lead and the foreign companies are following the local trend.

FYI: Toyota started as a weaving company.

The premise of your argument is extremely flawed. Do you think BD has sufficient local business acumen and expertise to design and manufacture world class goods that would propel the economy to the high income level?

Yes, local investment is better than FDI as it reduces the possibility of capital flight but we do not really have the luxury to choose here given our low skill base and expertise.

Till we gain the skills and expertise to complete globally, we have to rely on FDI.

 

[TopCat]

The premise of your argument is extremely flawed. Do you think BD has sufficient local business acumen and expertise to design and manufacture world class goods that would propel the economy to the high income level?

Yes, local investment is better than FDI as it reduces the possibility of capital flight but we do not really have the luxury to choose here given our low skill base and expertise.

Till we the gain the skills and expertise to complete globally, we have to rely on FDI.

You are entitled to your own opinion.
I am for long term goal and not a short term fix.

 

[bluesky]

The premise of your argument is extremely flawed. Do you think BD has sufficient local business acumen and expertise to design and manufacture world class goods that would propel the economy to the high income level?

Yes, local investment is better than FDI as it reduces the possibility of capital flight but we do not really have the luxury to choose here given our low skill base and expertise.

Till we gain the skills and expertise to complete globally, we have to rely on FDI.

Exactly, BD needs FDI not only now but continuously for many decades. Local investment is better than the FDI. For example, Japan has almost no FDI and they want to protect their turf. But, Japanese society is highly educated in technical matters and researches. BD cannot compare itself with one of the most developed countries of the world.

You are right to say that BD lacks trained manpower, technology as well as investment capital. FDI companies have these things plus ready markets here and there. In most cases, an FDI company hires his staff more on their academic qualifications and less on technical training. A worker does only a specific set of works. So, the employer establishes a system whereby an employee gets a kind of job training that is needed of him/her in his factory.

Because of this in-house training, prior training may not always be greatly required initially. Demand for vocationally trained staff will come at a later time of the economic activities of the country. I have seen many big Japanese companies join together to establish a technical training center or vocational school. But, it is not necessary that these institutions should come before the FDI in the case of BD.