What were the principal reasons for the economic stagnation of Bangladesh after its war for independence?(marks: 2) 2. Explain how the liberalization program in the 1990s enabled Bangladesh to start climbing the ladder of economic progress. What are the main lessons here that can be applied to economic development in other nations?(marks: 4)3. Bangladesh is dependent for its prosperity upon agriculture and textile exports. What are the risks here? How might Bangladesh diversify its industrial and commercial base?
Principal reasons for the economic stagnation of Bangladesh
Bangladesh defies economic and political gravity. Since its 1971 war of independence with Pakistan, the country has been known for its tragedies: wrenching poverty, natural disasters and now one of the world`s biggest refugee crises. Lack of other natural resources, coupled with poor infrastructure, political instability, and high levels of corruption held the country back. Yet, with remarkable little international attention, Bangladesh has also become one of the world`s economic success stories. This is because of the liberalization program in the 1990s. In theory, trade liberalization results in productivity gains through increased competition, efficiency, innovation and acquisition of new technology.
Coronavirus has presented eccentric difficulties, dangers to vocations and has constrained associations to reconsider their work and the job of workplaces as protected and useful spaces for the representatives.
Each industry and association is adjusting to life and work during a pandemic and many organizations have effectively shielded representatives by zeroing in on adaptability and nimbleness to adjust to a better approach for working.
The physical world as far as we might be concerned has had a reset with two years of computerized change in two months as expressed by Microsoft CEO Satya Nadella. The new typical will be that of a crossover work environment, which will join work-from-office and work-from-home both, rather than one limit. Until an antibody is generally accessible, the workplace climate will be altogether different when contrasted with what it was before the pandemic, social separating will be the standard and office spaces should be overhauled and changed to guarantee legitimate physical removing and representatives will be expected to wear covers. Associations have quickly taken on computerized devices, and innovation has become widespread across business sectors and enterprises. Concerning long drive hours and going in weighty rush hour gridlock, laborers will attempt to have gatherings online at whatever point conceivable to diminish drive bothers and will utilize the time saved all the more gainfully. Administration based businesses that don’t need individual collaboration with products or individuals will step by step incline towards a work-from-home serious work model, this will likewise prompt reevaluating of work to different urban communities and more modest towns as there will be less locational imperatives. A reasonable qualification should be made between the work that should be possible from a distance and the work that should be done in-office. Existing practices and cycles should be reclassified and recreated to guarantee the best of both, telecommute and work-from-office to guarantee efficiency and security.