Idiotic Sinking state of Bangladesh

Angel of War

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Please , I dont understand what is happening , can someone shed light on this
 

ladder

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Please , I dont understand what is happening , can someone shed light on this
They have an election scheduled soon....
 

Angel of War

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"According to the provisional estimates of the Bangladesh Bureau of Statistics, the per capita income at the end of the last fiscal year stood at $2,554."
BBS is crossing all limits of besharmi . Next year they might as well claim that Bangladeshi per capita income is higher than USA .
 

India Super Power

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"According to the provisional estimates of the Bangladesh Bureau of Statistics, the per capita income at the end of the last fiscal year stood at $2,554."
BBS is crossing all limits of besharmi . Next year they might as well claim that Bangladeshi per capita income is higher than USA .
My doubt is let them do chutiyapa but why does world org are taking their values even after knowing the fraud and not publishing original data by their own calculations
 

Cheran

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"According to the provisional estimates of the Bangladesh Bureau of Statistics, the per capita income at the end of the last fiscal year stood at $2,554."
BBS is crossing all limits of besharmi . Next year they might as well claim that Bangladeshi per capita income is higher than USA .
Bonglodosh boreo of statitics , where all the magic happens

1643369560172.png

1643369682310.png
 

fire starter

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"According to the provisional estimates of the Bangladesh Bureau of Statistics, the per capita income at the end of the last fiscal year stood at $2,554."
BBS is crossing all limits of besharmi . Next year they might as well claim that Bangladeshi per capita income is higher than USA .
But with per capita consumption lower
Than porkistan lol.
 

Indx TechStyle

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Actually it is good, industrialisation will help arrest birth rates. Plus women folk when they have money they will spend on child education etc. In less than 15years you should be able to see a better Bangladesh. Low birth rates means improving quality over quantity...but problem remains such industry remains feasible on low wages.
Unless Bangladesh govt invest in human capital for the next phase of economy then its kaput.
Also need to keep in check raqibool hubris about ummah k chummah.
Low birth rates don't necessarily benefit economy until your economy is complex, is in third or fourth industrial revolution or discovering new sectors every year.
Bangladesh hasn't even entered first industrial revolution properly. So, it's heading towards a low income trap.
honestly GoI needs to do something about their textiles . If we want then we can easily sink their textile industry , they simply can't compete with us if we decide to enter the the market. Why isn't the government taking steps to make our textile industry more competitive .
Textile is a proto-industry. Nor Indian government cares much about BD and PDF bongoloids dreaming of ghazwat-ul-Hind.
Nor their industry gives them any strategic edge we need to catch up. We need to focus on electronics, semiconductors, automotive and aerospace industry to enter upper middle and high income groups rather than rolling back the wheel of economic complexity.
These swamp creatures are benefiting from our lack of initiative
They mostly make Jute and Cotton fabrics in local handlooms and sewing sweatshops. We are more engaged in synthetic fibres like Nylon and Polyester. So no, we don't lack anywhere. Industrial sectors of Pakistan and Bangladesh are behind what Europe was in 1600s.
They are many leagues apart producing low end goods.
 

Crazywithmath

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My doubt is let them do chutiyapa but why does world org are taking their values even after knowing the fraud and not publishing original data by their own calculations
The World Bank does not take their data seriously. Check their dashboard. And I already explained in economy thread that apart from the sale of the chooran of muh development to domestic audience of pseudo democracies nothing significant is achieved by data doctoring. It does not help the nation attract investment nor does a common layaman give two shits about muh high growth.

Still if u look at their export ,it is mostly cotton rmg undergarments , ours are technical textiles too
Even there, shit is about to hit the fan.

LDC graduation may cost Bangladesh $7.0b worth of exports a year
=================
FHM Humayan Kabir | Published: November 06, 2020 09:40:10 | Updated: November 10, 2020 14:51:01

Bangladesh is likely to lose US$7.0 billion worth of export earnings annually after graduation to a developing nation status in 2024, a government report estimates.

The report said the country could lose the export market, especially in the European Union (EU), Canada, Australia, Japan, India and China.

Bangladesh might also be deprived of the concessional loan benefit from the multilateral and bilateral development partners after its graduation from a least-developed country (LDC) category.

The projections were made at the newly framed Perspective Plan 2021-2041 (PP2041).

The state-run General Economics Division (GED) prepared the vision paper where Bangladesh wants to be a developed nation by 2041.

Based on the simulation results from the global dynamic general equilibrium model, the plan said: "The loss of preferences in the markets of EU, Canada, Australia, Japan, India and China in 2024 might lead to an annual reduction in the total export of Bangladesh by 11 per cent or equivalent to around $7.0 billion given the current projection of export growth."

The vision paper said, "Although the graduation as non-LDC would improve the country's image and rating for attracting foreign direct investments, there will be a number of risk factors."

It said Dhaka would lose its preferential trade benefits in the EU market, the largest business destination of the local garment and textile products.

Besides, many of the exemptions of WTO provisions, including the cut in tariff and subsides, and adherence to the intellectual property rights (especially for the pharmaceutical sector) will no longer be available after 2024, except for the EU, which allowed a transition period up to 2027.

As an LDC, Bangladesh along with its 48 peers currently enjoys duty and quota-free benefits under the EU's Generalised System of Preferences (GSP).

According to the Export Promotion Bureau, Bangladesh earned US$18.70 billion, 51 per cent of total $36.6 billion earnings, making shipment of goods and services to the European markets in the fiscal year, 2019-20.

The vision paper PP2041 said much of the aforementioned perspective benefits are not "automatic" as Bangladesh has to work quite a lot to materialise those.

The paper said though the benefits are not "automatic," almost all of the possible losses would be automatic as soon as the country graduates from the LDC status.

The vision paper has further stated that Bangladesh has to prepare itself over the next seven years to counter or tackle the losses.

GED Member Professor Shamsul Alam told the FE that the division had identified the challenges after the graduation.

It also suggested some action plans and policy reforms for tackling the losses and protecting the export growth.

Economist Dr Ahsan H Mansur told the FE that Bangladesh's only option is to go for bilateral negotiations with the EU countries as well as other key trading destinations like Canada, Australia, Japan, India and China for getting some preferential treatment.

Besides, the government should launch bilateral negotiations with some regional blocs like the ASEAN for tackling its possible export losses after graduating to a non-LDC country, said Dr Mansur, executive director of the Policy Research Institute, a think-tank in Dhaka.

For those negotiations, the country also needed to ensure standard international labour rights and trade liberalisation reducing the higher taxes on import products, he added.

"If we continue our current tax regime very high and strict for our trading partners, they would not be interested to enter into bilateral agreements on offering possible benefits in their markets after our graduation," he said.

=================
It gets even more weird. :lehappy:
EU politely told them to fuck off.
=================

Dhaka is still upbeat about obtaining GSP+ facility on the EU market, commerce Minister Tipu Munshi said. "We had positive discussion today," he made the remark responding to another question regarding the EU envoy's observation made at a recent event on EU GSP+ facility.

'This will not be picnic,' Charles Whiteley had said at that event while explaining the challenges Bangladesh may face in negotiating with the EU under the new trading system after graduating from the LDC status.

===============

Stop reading too much in their data.
 
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Dr_Deep

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Low birth rates don't necessarily benefit economy until your economy is complex, is in third or fourth industrial revolution or discovering new sectors every year.
Bangladesh hasn't even entered first industrial revolution properly. So, it's heading towards a low income trap.

Textile is a proto-industry. Nor Indian government cares much about BD and PDF bongoloids dreaming of ghazwat-ul-Hind.
Nor their industry gives them any strategic edge we need to catch up. We need to focus on electronics, semiconductors, automotive and aerospace industry to enter upper middle and high income groups rather than rolling back the wheel of economic complexity.

They mostly make Jute and Cotton fabrics in local handlooms and sewing sweatshops. We are more engaged in synthetic fibres like Nylon and Polyester. So no, we don't lack anywhere. Industrial sectors of Pakistan and Bangladesh are behind what Europe was in 1600s.
They are many leagues apart producing low end goods.
The problem with Bangladesh is it let bunch of NGOs run the social services for a long time..and we all know NGOs all have ulterior moves ..so now we have nation with empowered woman running the low skilled export industry with falling birth rates along with madarrsa chap Raqibools..India for all its flaws never let NGOs run this social services , it built state institutions to run it . Doing that helps us build long term strategy ..
 

Dr_Deep

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And much much lower than West Bengal which has smaller population than Bangladesh
:rofl: :rofl: :rofl: A communist ruined West Bengal looks more richer than Kangladesh..What the heck do they with so much land gained during Bengal Partition.. Same with Porkistani Punjab .. East Punjab lost Lahore end up building a well planned Chandigarh as its Capital.
 

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