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Originally Posted by layperson
Whats next in line ? :p
The GDP figure can be measured a couple of ways and maybe different organisations measure them using different ways which is why you dont see the same numbers refelcting on eqch report. HOwever the main fact is the economy is growing at a very desirable rate and provided we can keep up the momentum and take proper policy decisions along with cleaning up the political and beaurucratic tangles, Bangladesh is well on its way to be a major economic force. However the two biggest obstacle is the political and beaurucratic mess in Bangladesh which retards our growth rate and makes it unsustainable. Personally I think the single biggest obstacle to any developing country is the level of corruption in it and for a country like Bangladesh this fits to the T. If we can reduce corruption political and beaurucratic problems would be solved as they are all related implicitly.
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Growing at a desirable rate, yes... but there are political ramifications for this. Most importantly: How is this growth redressing income disparity... and is the massive population of 140million plus truly experiencing a growth in their purchasing power and propensity to consume? I mean Bashundhara City is great for status symbol... but is it really expanding employment or giving existing workers an increased income to combat the increased inflation around? Is whatever wealth generated concentrated in too few hands or is there genuinely better distribution of this wealth? This is ultimately a socio-political issue.