Dr. NooB NinjA
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^^^^
These are income per month or per year???
These are income per month or per year???
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I don't see how the article could be interpreted as indicating a good health of the BD economy? All the things indicated there were just indicative of massive consumption of imported goods. For a country to develop it needs industries, especially manufacturing industries. Engineering companies like Mitsubishi, Hyundai, Siemens, etc. Not large shopping malls, imported cars and expensive jewellery. I see absolutely no sign of those (the industries). So sorry, I don't see that Bangladesh is developing.
What's wrong with "M_Saint's" opinion? He has provided a very detailed explanation (quoting an editorial, I suppose) for his view point. The truth is that inflation is terribly high, law and order situation poor, political 'nepotism' if you like inescapable, bribery the norm, poor road/transport infrastructure seems to be accepted, inconsistent power supply hinders industrial growth, and the list of failures can continue "ad infinitum", almost
Mamun Rashid, being a 'fat cat' earning well over a million Takas per month may not find enough reasons to complain, but if the vast majority of Bangladeshis were in his shoes or earning well over a million Taka per month, only then could his personal opinions be said to be representative of that of the 'average' Bangladeshis.
Just one example off the top of my head. Eight new banks were granted licenses for operation by BAL. 4 billion Taka had to be deposited in cash/the likes for some capital/similar requirement for starting operations of these banks. Each of the 8 BAL hand-picked candidates could do so without breaking a sweat, presumably, as nobody would invest all of his wealth on a single bank that may or may not succeed well into the future, considering the dozens of already more established banks in operation.
For them to fork out 4 billion Taka in cash (in the open) tells you a lot about the sort of corruption and embezzlement that is widespread under BAL. If they can fork out this sum in public, can you imagine what sort of sums the 'bigwigs' of BAL have stashed up under their Dadababus' thali or dhoti?
^^^May be I wasn't being specific enough of the middle class in Bangladesh.
I forgot to mention, the purchasing power of Bangladeshi consumers have gone down due to the depreciating value of the Taka. This makes imports more expensive as a result. But makes exports cheaper. But still, it isn't good in the short term.
The way the Taka depreciated was just legendary!
Phew!
If you ask me, the middle class was growing best during the Ershad-era.
Now, places like Nandos (their food tastes horrible by the way), Pizza Hut, Pizza Inn, KFC, A&W, and Agora are typically visited by the upper and upper middle income classes.
Places like those are pretty profitable. They *** in areas like Gulshan, Uttara, Dhanmondhi, and even in Chittagong. Even restaurant businesses like Baton Rogue and others. They do business and always very crowded!
The same can be said about private hospitals. I mean, who'd say no to good health care facilities?
Most English-medium schools aren't very expensive, and they are mostly good. The one my mom teaches at is packed with students. Unless it is American International School, Bangladesh
It has come a long way since 1971. Even in the midst of political volatility and conspiracies.
For preventing confusion for anyone, here is the classification of all the social classes in Bangladesh:
Upper Class
-Upper Rich: 500,000-1000,000
-Middle Rich: 100,000-500,000
-Lower Rich: 80,000-100,000
Middle Class
-Upper Middle: 60,000-80,000
-Middle Middle: 40,000-60,000
-Lower Middle: 20,000-40,000
Lower Class
-Upper Lower: 15,000-20,000
-Middle Lower: 10,000-15,000
-Lower Lower: 5,000-10,000
Poverty level: 0-5,000
Anything below that is below poverty.
All units are in Bangladesh Taka.
All your points have weight but don't prove there's no rising middle class in Bangladesh. True that this BAL thugs association or both BAL/BNP thugs association are causing huge hindrance in our economic/political advancement but we the people of Bangladesh are advancing facing all these. If all our govt. were not so corrupt, didn't have endless hunger for money, we'd have been middle income country by now which is simple in a country where more than 40 years there are no wars with neighboring countries or civil wars inside.
From my personal view (in fact I don't know this guy Mamun Rashid) things changed a lot because there are many successful non-govt. initiatives which have influence over life style, they don't depend on govt. For example, foreign software houses opening in Dhaka have nothing to do with govt. be it BAL, BNP or caretaker (I've seen it in all 3 terms), they are taking their steps independently like for uninterrupted power supply they are buying generators not depending on govt. Revenues coming from this sector definitely have some impact on life style. Of course govt. planning could earn more from this sector. I'm sure there are many other sectors (or all) advancing this way.
Our govt. succeeded in meeting their hunger only but we people are trying hard to go ahead for sure. Hope poverty alleviation steps taken by some non govt. organization will be successful because it's more appreciable if poor people can lead their life comfortably than rising middle class which will ultimately reduce the distance between poor and middle class (or rich).
I don't see how the article could be interpreted as indicating a good health of the BD economy? All the things indicated there were just indicative of massive consumption of imported goods. For a country to develop it needs industries, especially manufacturing industries. Engineering companies like Mitsubishi, Hyundai, Siemens, etc. Not large shopping malls, imported cars and expensive jewellery. I see absolutely no sign of those (the industries). So sorry, I don't see that Bangladesh is developing.
Bangladeshis should avoid behaving like idiotic, backward extremist Hindutva radicals who are high on bluster and bluff, but low on achievements. That's why Indians are a laughing stock the world over, specially amongst the young entreprising, resourceful, educated and intelligent people all over the developing world (East Asia, ASEAN, Africa and elsewhere).
You can't help dragging India and Hindus in everything can you? The only laughing stock of the world are the rabid islamists . For what its worth, India has a very successful space program, has the ninth largest scientific output in terms papers published and has quite a few ($,Pound) Billionaires.
But since its India we are talking about here your criteria will be obviously change. India is miles ahead of your little countries, so fix yourself first and get to the level of India at least before you try to pot shots at India.
although I have spent most of my life in UK anecdotal evidence from personal experience is that prosperity is increasing in bangladesh both in urban and rural scenario. That is the good side of capitalism ...... on the flip side we are losing our family values. The development is not uniform and the disparity between the rich and the poor is increasing.
But through it all I believe there has been steady increase in our peoples education, outlook as well as purchasing power.
Yeah Laughing stock of the world when we found water on the moon, builded an ICBM and BMD system,Builded worlds cheapest car which even MITians vowed to,build a nuclear submarine,build a world class metro system which even mayor of london appreciated Right??Did you equate India with Hindutva radicals? Good that you are coming out of your pretence of secularism and all that ballyhoo.
India is the laughing stock of the world, for good reasons, and this forum is ample proof of that. A brief look at the amount of BSing by Indians against much more accomplished Chinese reveals the 'full of bluster but short of action' Indians' true abilities. If what have you said is true, then that is exactly what is wrong with Bangladesh - blustering like Indians without 1/10 achievements commensurate to the bluster, precisely the same thing that Indians do on a regular basis.
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do you work in or run an 'indian' restaurant?although I have spent most of my life in UK anecdotal evidence from personal experience is that prosperity is increasing in bangladesh both in urban and rural scenario. That is the good side of capitalism ...... on the flip side we are losing our family values. The development is not uniform and the disparity between the rich and the poor is increasing.
But through it all I believe there has been steady increase in our peoples education, outlook as well as purchasing power.
do you work in or run an 'indian' restaurant?
do you work in or run an 'indian' restaurant?