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So will BD once the large infrastructure projects
and Special Economic Zones are completed.
BD has been growing quicker than Pakistan since 1990s.
It is not off events like terrorism but a more
underlying feature of the two economies.
Lastly dude -Pakistan population growth rate has gone up to above 2% from the around 1.6% in mid-2000s
Then don't blame the British colonial rule for under development in India. India started with around 15 percent literacy rate when western countries had 100 percent with per capita income one of the lowest in the world.By your logic India should not have problem to achieve western living standard by now despite those facts.Next to nothing given your crap bureaucracy....which you still have.
All development is IN SPITE of it, not because of it....i.e giving enough time for people with means and education to start businesses and grow them. When this increases over time, it helps the country more than anything else.
It would be the case whether you are part of Pakistan or not pre-1971.
Speaking that BD would have hypothetically had a better bureaucracy is pretty dumb.....have a look at what it is like right now.
You could have been a lot worse as well without W. Pakistan. Its just as likely as what you are saying since no one has the complete picture.
Then don't blame the British colonial rule for under development in India. India started with around 15 percent literacy rate when western countries had 100 percent with per capita income one of the lowest in the world.By your logic India should not have problem to achieve western living standard by now despite those facts.
New Recruit
Bengali was on PKR notes, interesting fact:
Sooner or later, India has to absorb huge chunk of Bangla population and that would be change of social and economic demographic.
@Riyad
See this is a huge issue for East Pakistan (Know of course Bangladesh) , that they are constantly attacked by Floods , and flood water most of time does not originates in their own Lands.
Which really made me wonder that was the same issue even back in 60's & 70's leading to the war
Now Pakistani Businessmen opened business in West Pakistan , as you know in that time , Pakistani (East / West) were all same , so Pakistani Businessmen moved the Textile Industry over to West Pakistan , and the aim was create jobs
Why transport the items to West Pakistan , when the companies can be setup in East Pakistan
Makes complete 100% Business sense.
(Evidence)
Flood Year ---%of effected SQ/km
- 1962 - 25%
- 1963 - 29%
- 1968 - 25%
- 1970 - 28%
Now , if you remember in 2005-2007 we had earth quake and floods , it caused so much damage that we cancelled F16 deals so when you compare the East Pakistan Floods (Bangladesh). You can see why their Economy could not pick up at the same pace
Important point :
- FLOODS
Now an interesting twist is look at India who attacked Pakistan in 1965 (East/West) , they choose a time right after the floods in East Pakistan TWO MAJOR floods + 1 War with India !!
So obviously East Pakistan (Bangladesh's economy) suffered
And then more floods 1968 & 1970 completely , ruined the economy
2016 , who controls the Flood water ? In Bangladesh ? India !!!
That is why it is important for Bangladesh to Take over land to the North / South and West of it to build DAMs or protection for flood
War to stop floods
View attachment 330020
This is a matter of Life & Death for East Pakistan (Bangladesh) , and unfortunately until the folks in that region would not claim their land - there would be Danger
Really Assam should be Bangladesh portions of it and the area to the East of Bangladesh
And Bangladesh should take the entry point of Water to stop it coming into Bangladesh from India causing flood
Right now India is using the "RIVER" as weapon against Bangladesh and floods prove it
They intentionally took the Higher ground ......
You know what happened to Anikin , due to higher ground - YEP ....
When Bangladesh needs water , water is diverted , when they don't need it they send LOTS of it
Water always flow from higher ground to ... low ground causing flood
FLOOD BY INDIA = POVERTY IN BANGLADESH , this is the million dollar equation and this has happened since 1960's
So what do you believe
a) Name calling by West Pakistani
b) Floods Caused by India & then Indian Launched war , then 2 more floods and then war again
Well......no choice for India...some of adjacent border Indian localities been populated from Bangla refugee or migrants. Demographic balance has change and this is fanning local insurgency against migrants.Lol yeah......no.
They are too meek to even try. Dont let the defence nuts here make you think otherwise.
If they don't want a slow submerged descent into oblivion (if it even happens which is debatable)....we will loan them more direct ways to reduce their population.
Well......no choice for India...some of adjacent border Indian localities been populated from Bangla refugee or migrants. Demographic balance has change and this is fanning local insurgency against migrants.
Fair enough....but a large part is Bangladesh being behind Pakistan economically (its easier to post higher growth when you are behind)....and also the better GCF Bangladesh has achieved.
The 2nd point I think is your major trump card over Pakistan for the time being. Probably BD best achievement in raw macroeconomic performance I have to say.
Pakistan seriously has to address this problem to sustain above 6% growth rate.
That said Bangladesh economic issues at GDP past 4000, 5000 USD per capita PPP will also commence. It has to fix the number of low skilled people it has in workforce and also its absolute poverty rate....otherwise the momentum will be hard to continue.
@UKBengali
Is there an income distribution like this one for BD anywhere out there?
http://www.livemint.com/Politics/0A...middle-class-the-promise-and-the-reality.html
Same question goes to you @Khan_21 for Pakistan.
Pakistanis have experienced quite a bit of income growth these past 15-25 years:
From the Asian Development Bank (ADB) in 2011:
View media item 17076
View media item 17077
Fair enough....but a large part is Bangladesh being behind Pakistan economically (its easier to post higher growth when you are behind)....and also the better GCF Bangladesh has achieved.
The 2nd point I think is your major trump card over Pakistan for the time being. Probably BD best achievement in raw macroeconomic performance I have to say.
Pakistan seriously has to address this problem to sustain above 6% growth rate.
That said Bangladesh economic issues at GDP past 4000, 5000 USD per capita PPP will also commence. It has to fix the number of low skilled people it has in workforce and also its absolute poverty rate....otherwise the momentum will be hard to continue.
@UKBengali
Is there an income distribution like this one for BD anywhere out there?
http://www.livemint.com/Politics/0A...middle-class-the-promise-and-the-reality.html
Same question goes to you @Khan_21 for Pakistan.
Our middle class by percentage is bigger than India. Much better distribution of income and hence lower poverty. Here is a list of middle class adults by credit swiss.
Credit suisse did it by wealth not income....which has issues given you can spend and not necessarily have transferred physical wealth from the spending.
They mentioned this in their report as a drawback of this approach. Please read the post I put above yours as well.