Why Bangladesh May Not Become Sri Lanka

[BananaRepublicUK]

People who have discussed the matter are not as novices as you are on economic matters. They are economists of the country teaching in the Universities. They have all the necessary information on the matter of national debts. The repayment will exceed $5 BILLION in 2024.

You think since the youtube video says the loan is $147 billion, therefore, in reality, it is $147 million.

Also, know that the domestic borrowing is about equivalent to $78 billion.

These are third class morons, none of them have a degree from an elite university.

And teach in shitty Dhakaya unis - utterly crap.

BD will remain a garment hub until it gets better teachers than the ones lauded by @bluesky.

The quality of BD’s academics and academia is piss poor.

Stop quoting these idiots.

 

[bluesky]

@bluesky

Also, know that the domestic borrowing is about equivalent to $78 billion.

India's domestic borrowings would be in the range of maybe USD 3 trillion. Do you see any Indian poster here crying that the sky is going to fall on the head? BD has debt, it also has revenues, it will pay them off.

Regards

Better we do not compare BD with India. Indian per capita foreign loan is almost half of BD. India has a manufacturing base of all kinds of metallic products. It can build Farakka, but BD cannot build the Teesta project with its own technology. It has no such trained/ educated manpower to do such things.

BD is good only at producing textile goods and India can produce almost everything metallic. So, we cannot compare BD with a weak industrial base with India with a stronger base.

 

[nahtanbob]

Why? What are the advantages PK has over SL? What are the disadvantages SL has over PK? Just economic analysis, no political or social analysis.

Pakistan is too large to be allowed into a failure. it matters in economics.

Sri Lanka is a lot smaller

Sri Lanka has a more vibrant tourist sector

 

[epebble]

Pakistan is too large to be allowed into a failure. it matters in economics.

Sri Lanka is a lot smaller

Sri Lanka has a more vibrant tourist sector

to be allowed into a failure

By whom? Is there a Bruce Almighty who sits at a computer and sends out messages? Why didn't he take care of USSR when it descended into quagmire in 1990s? This was common scene in Moscow (and elsewhere in Russia): https://www.upi.com/News_Photos/view/upi/0825e391a474e7f2bcc6fdab5ef65eee/Street-Beggar-in-Moscow/
Why was it allowed?

 

[nahtanbob]

to be allowed into a failure

By whom? Is there a Bruce Almighty who sits at a computer and sends out messages? Why didn't he take care of USSR when it descended into quagmire in 1990s? This was common scene in Moscow (and elsewhere in Russia): https://www.upi.com/News_Photos/view/upi/0825e391a474e7f2bcc6fdab5ef65eee/Street-Beggar-in-Moscow/
Why was it allowed?

for starters no one was expecting a collapse of the USSR in the 1990s

 

[epebble]

for starters no one was expecting a collapse of the USSR in the 1990s

OK, But who is the Bruce Almighty now?

 

[bluesky]

Pakistan is too large to be allowed into a failure. it matters in economics.

Sri Lanka is a lot smaller

Sri Lanka has a more vibrant tourist sector

A country fails on the weight of its own failures. Pakistan was supposed to be a developed country in the 1960s. But, it wasted money on building an army of scale to compete against India with a vast territory, population, and resource base.

It used Kashmir as the focal point to create friction with India. All these backfired on the face of Pakistan. Some commentators say that Pakistan will fail shortly in the economy.

A weak country in friction with a large country may find it difficult to survive. Chaos will prevail unless its economy is fixed.

Borrowing money from others and asking other countries’ contractors to do the jobs is no recipe for development. BD is just following the Pakistan example. So, the same Pakistan fate is waiting for it.

 

[SoulSpokesman]

@bluesky

Pakistan wasted money on building army of scale to compete against India with a very large territory, population and resource base.

BD is just following the Pakistan example. So, the same Pakistan fate is waiting for it.

You have yourself brought forward the relevant points and failed to connect the dots, You have rightly identified Pak indulging in an arms race with India as a cause of its position. BD has done no such thing. It has forged closer economic ties with India. So there seems to be little reason for it to be in the same mess.

Regards

 

[bluesky]

@bluesky

Pakistan wasted money on building army of scale to compete against India with a very large territory, population and resource base.

BD is just following the Pakistan example. So, the same Pakistan fate is waiting for it.

You have yourself brought forward the relevant points and failed to connect the dots, You have rightly identified Pak indulging in an arms race with India as a cause of its position. BD has done no such thing. It has forged closer economic ties with India. So there seems to be little reason for it to be in the same mess.

Regards

Not exactly. BD indulged in not to industrialize itself and went after cheap borrowed foreign money to build a few cement-concrete structures that can be photographed. A very cheap stunt by the BAL govt.

No industries means no economic development. Pakistan also similarly failed to build its infrastructures by its own companies. It borrowed money in two hands as if there is no tomorrow.

BD also borrowed similarly that it finds difficult to repay. The Taka is down below 120 to a dollar. It is little higher because of the BB intervention.

The result of intervention is the expatriates are sending money by Hundi.

@UKBengali, please send your opinion.

 

[BananaRepublicUK]

Not exactly. BD indulged in not to industrialize itself and went after cheap borrowed foreign money to build a few cement-concrete structures that can be photographed. A very cheap stunt by the BAL govt.

No industries means no economic development. Pakistan also similarly failed to build its infrastructures by its own companies. It borrowed money in two hands as if there is no tomorrow.

BD also borrowed similarly that it finds difficult to repay. The Taka is down below 120 to a dollar. It is little higher because of the BB intervention.

The result of intervention is the expatriates are sending money by Hundi.

@UKBengali, please send your opinion.

@UKBengali is tired of responding to your crap fest!!!

 

[bluesky]

@UKBengali is tired of responding to your crap fest!!!

Another crap master talking insane again. How about seeing a doctor or a psychologist? Hemayetpur in Patna could’ve a good asylum for you.