Export earnings to cross $80B by 2024, hopes Tipu

[BananaRepublicUK]

Sometimes I wonder on the mentality of these types who want BD to fail.

Do they have that much of an inferiority complex that they think that brown people cannot do what East Asians have already done?

They are not the brightest of the bunch and so maybe projecting their own limitations onto BD as a whole.

Let me restate categorically that BD is now behaving pretty much exactly like an East Asian economy and will definitely outgrow India this decade like it did last decade - 8%+ sustained GDP growth this decade is possible with a bit of luck in the external environment.

They are so immature that they think any country can be economically "perfect" and so blow every thing that is not great about BD totally out of proportion to "validate" their viewpoints.

S. Korea and Taiwan would have had similar issues to BD when they were at the same stage of economic development in the 1970s/1980s. BD cannot follow exactly the same paths as these two as there are massive geopolitical differences and so has had to find its own way but they seem to be too dense to understand that!

Even most Indians and Pakistanis have finally accepted that BD economy is strong and will outgrow any other economy in the region for probably decades to come.

Like I say best to ignore them as feeding the troll/s just makes it come back for more.

Looks like lot of these guys were “educated” in bd or went to third tier unis in USA/Canada.

Their ability to reason or debate - extremely poor!

Most sylhetis of my generation went to russell group universities.

How many Dhakaya academics went to oxbridge?

Take their answer books away from them and they are fu**ed!

 

[BananaRepublicUK]

Like I say they are not the brightest bunch here.

Unfortunately we do not have too many bright BD'shis on pdf that you can really engage in an intellectual conversation with. Most of the smarter ones just give up and leave as they do not want to be banging their heads against a brick wall here.

I have a few on my "ignore" list now as they are so arrogant that they are not even prepared to listen to you when you explain why they are wrong with facts and logic.

They kind of remind me of one of my brothers who although above average in intelligence(roughly one standard deviation above mean) won't accept that others can be smarter than him and know more.

The weirdest one is that they cannot understand the difference between GNP and GDP. And accumulated wealth.

They witter on about PPP - which the Economist rubbished a few years ago.

All anomalies like consumption is easily explained by the differences in GNP, GDP and accumulated wealth.

Are Indians better off than Bangladesh? Of course they are!

But not due to GDP but due to GNP and accumulated wealth.

 

[UKBengali]

They witter on about PPP - which the Economist rubbished a few years ago.

Actually the PPP is useful as it more accurately tracks current day to day living standards than nominal does.

BD has higher food and land prices than Pakistan but has similar per capita PPP to Pakistan, although still 20% below India. This kind of validates its higher nominal per capita over Pakistan.

You need to take a whole range of factors into account before looking at the current state of BD economy and it's future direction.

That is far too much for a lot on this sub-section. Like I say you need a minimum amount of intellect to be able to process all this data and come to valid conclusions.

 

[BananaRepublicUK]

Actually the PPP is useful as it more accurately tracks current day to day living standards than nominal does.

BD has higher food and land prices than Pakistan but has similar per capita PPP to Pakistan, although still 20% below India. This kind of validates its higher nominal per capita over Pakistan.

You need to take a whole range of factors into account before looking at the current state of BD economy and it's future direction.

That is far too much for a lot on this sub-section. Like I say you need a minimum amount of intellect to be able to process all this data and come to valid conclusions.

PPP is the one I respect the least.

China is much bigger than USA on PPP terms.

But which country still dominates the world?

As the economist said, “you cannot buy an iPhone, send your kids to oxbridge, holiday abroad or buy foreign influence with PPP”.

 

[UKBengali]

PPP is the one I respect the least.

China is much bigger than USA on PPP terms.

But which country still dominates the world?

As the economist said, “you cannot buy an iPhone, send your kids to oxbridge, holiday abroad or buy foreign influence with PPP”.

True but PPP is a tool can that sometimes be used to capture important data about an economy that cannot be done in any other way.

Now if China held a higher PPP than USA for 40 years then of course it will be more powerful as then it would have had higher accumulated PPP than USA. Only in the last 5 years or so has Chinese PPP surpassed the USA's. USA still has much higher ACCUMULATED PPP than China.

Also we need to take into account that China is not yet an industralised country and so it's technology is still not on par with USA.

PPP, GDP nominal, GNP are all important terms in economics and although I respect "The Economist" I disagree that the PPP is not a useful economic measurement for certain conditions.

 

[Destranator]

So Bangladesh is like Vietnam?

A county with outsized trade hehe

Yepepee

Ukbengali is right!

We are like an East Asian tiger country hehe

Ps, what explains the dollar reserve then?

Another humongous anomaly?

Vietnam was just an example. Why don't you look up the ratio for all sorts of economies?
Neither 140:300 nor 140:400 is unrealistic for a country like BD.

What is there to explain about the "dollar reserve"? Look up forex reserve levels vs GDP around the world.

.All these economists he names are international pigmies - with a political axe to grind.

On the other side we have Nobel winning economists like Paul Krugman and Amartya Sen urging India and Pakistan to learn from Bangladesh.

I think I will listen Nobel laureates! Thanks!!

Yeah, "expose inconvenient truth" = "become pigmie"

Show me where Sen or Kruger have discussed BBS GDP data quality. False equivalency much.

 

[Destranator]

PPP is the one I respect the least.

China is much bigger than USA on PPP terms.

But which country still dominates the world?

As the economist said, “you cannot buy an iPhone, send your kids to oxbridge, holiday abroad or buy foreign influence with PPP”.

GDP PPP has its place. It is especially useful when comparing quality of life between countries with significantly different costs of living. However, GDP PPP cannot compensate for questionable field survey data and GDP nominal calculation.

You are correct in that PPP figures are not useful in gauging global economic influence.
You cannot pay bills using PPP dollars.

 

[BananaRepublicUK]

Vietnam was just an example. Why don't you look up the ratio for all sorts of economies?
Neither 140:300 nor 140:400 is unrealistic for a country like BD.

What is there to explain about the "dollar reserve"? Look up forex reserve levels vs GDP around the world.


Yeah, "expose inconvenient truth" = "become pigmie"

Show me where Sen or Kruger have discussed BBS GDP data quality. False equivalency much.

If either thought BD GDP data was cooked they wouldn’t praise BD so much. Let alone advise our south Asian peers to follow our model.

It would be like praising a student who was caught cheating an exam.

 

[Destranator]

If either thought BD GDP data was cooked they wouldn’t praise BD so much. Let alone advise our south Asian peers to follow our model.

It would be like praising a student who was caught cheating an exam.

Bro, BBS fudging stats under political pressure takes nothing away from the strong will and resilience of Bangladeshi people and the economic progress we have made.

We have made tremendous progress, I don't need to tell you that if you have travelled around BD recently especially to rural parts. I am neither blind to not see the economic revolution that has taken place in the last 50 years (especially since Saifur Rahman taking office and others subsequently carrying the baton) nor am I an out of touch moron to claim we are a major power house already.

I take pride in the fact that we are a t-shirt and denim super power - I don't care what others think about it. I am also cautiously optimistic that in 10 years we will achieve significant industrial sophistication to substitute imports and diversify exports.

I don't keep raising the GDP data fudging issue to deny development, I have made it very clear many times including in the first post of the dedicated sticky on BBS I have created. My issue is with unreliable data piling on and screwing up economic modelling - a glaring example is the govt overestimating power demand growth and creating idle capacity which is costing us a fortune.

Whether you trust BBS or not, we can both agree that GDP is a critical economic indicator and needs to be reliable.

 

[BananaRepublicUK]

Bro, BBS fudging stats under political pressure takes nothing away from the strong will and resilience of Bangladeshi people and the economic progress we have made.

We have made tremendous progress, I don't need to tell you that if you have travelled around BD recently especially to rural parts. I am neither blind to not see the economic revolution that has taken place in the last 50 years (especially since Saifur Rahman taking office and others subsequently carrying the baton) nor am I an out of touch moron to claim we are a major power house already.

I take pride in the fact that we are a t-shirt and denim super power - I don't care what others think about it. I am also cautiously optimistic that in 10 years we will achieve significant industrial sophistication to substitute imports and diversify exports.

I don't keep raising the GDP data fudging issue to deny development, I have made it very clear many times including in the first post of the dedicated sticky on BBS I have created. My issue is with unreliable data piling on and screwing up economic modelling - a glaring example is the govt overestimating power demand growth and creating idle capacity which is costing us a fortune.

Whether you trust BBS or not, we can both agree that GDP is a critical economic indicator and needs to be reliable.

Bangladeshi government over estimating power demand hahaha

Cold storage is one sector that cannot grow due to unreliable electricity.

BD needs to shutdown the dangerous ad-hoc generators located inside factories.

Which it can once nuclear power is on tap.

You keep complaining about low level of electricity consumption then complain about increased capacity.

Without the increased capacity how will demand grow? E.g. more people installing air conditioners

 

[Destranator]

BD needs to shutdown the dangerous ad-hoc generators located inside factories.

Which it can once nuclear power is on tap.

Agreed

Bangladeshi government over estimating power demand hahaha

Cold storage is one sector that cannot grow due to unreliable electricity.

-----------

You keep complaining about low level of electricity consumption then complain about increased capacity.

Without the increased capacity how will demand grow? E.g. more people installing air conditioners

It is one thing to have redundancies for network reliability and another to pile on 60% idle capacity.

You did not realise but you just made my point for me regarding BBS GDP data reliability. Why is our per capita power consumption lower than countries with lower GDP per capita despite abundance of power? The answer is obvious regardless of whether you admit it.

Govt must not increase power generation overcapacity

POWER overcapacity, now at 60 per cent, is likely to increase to 70 per cent as some major power plants would go into operation by 2024. This will put the country, the power sector and consumers in further jeopardy in terms of an exponential...

www.newagebd.net

60pc power idle in 2020: study

The US-based Institute for Energy Economics and Financial Analysis in an analysis released on Wednesday said that Bangladesh’s power overcapacity reached 60 per cent in...

www.newagebd.net

Bangladesh govt pay Tk 9,000cr to 12 idle power cos in FY21

Twelve companies took more than Tk 8,730 crore in capacity charge in 2020–21, accounting for more than 66 per cent of the total money paid in the fiscal year by the government to the idle private power plants, revealed...

www.newagebd.net

 

[BananaRepublicUK]

Agreed




It is one thing to have redundancies for network reliability and another to pile on 60% idle capacity.

Govt must not increase power generation overcapacity

POWER overcapacity, now at 60 per cent, is likely to increase to 70 per cent as some major power plants would go into operation by 2024. This will put the country, the power sector and consumers in further jeopardy in terms of an exponential...

www.newagebd.net

60pc power idle in 2020: study

The US-based Institute for Energy Economics and Financial Analysis in an analysis released on Wednesday said that Bangladesh’s power overcapacity reached 60 per cent in...

www.newagebd.net

Bangladesh govt pay Tk 9,000cr to 12 idle power cos in FY21

Twelve companies took more than Tk 8,730 crore in capacity charge in 2020–21, accounting for more than 66 per cent of the total money paid in the fiscal year by the government to the idle private power plants, revealed...

www.newagebd.net

Their 60% redundancy calc is based on projected capacity and projected usage.

Both of their projections are crap.

Same people would suddenly start crying if Hasina was to sell electricity to India.

100s of EPZs coming onboard - they will be power hungry.

Hasina has finally defeated the whiners - she has literally electrified them hehehe

They have too much now hehe

 

[Destranator]

Their 60% redundancy calc is based on projected capacity and projected usage.

Both of their projections are crap.

Same people would suddenly start crying if Hasina was to sell electricity to India.

100s of EPZs coming onboard - they will be power hungry.

Hasina has finally defeated the whiners - she has literally electrified them hehehe

They have too much now hehe

It is ongoing over capacity. Read all three articles.

It will take time for the 100 EPZs to go live. Let us just hope the overcapacity subsides soon.

However, credit to Hasina for killing off frequent outages. BNP imbeciles were taking us backwards.

 

[UKBengali]

I am beginning to think it’s the fault of the poorly educated Dhakaya elite.

Who write these junk. Every one of those idiots have a newspaper funded by a benefactor.

How many have been to a Russell group uni - let alone oxbridge.

Masses read this crap!

Read the economist, ffs!!!

The only BD poster that I take seriously when he talks about economics is @mb444.

Few others have decent knowledge like @Homo Sapiens and @Wergeland

Forget the rest!