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Formalizing the Informal Economy: Key to Solving the Budget Deficit Problem?

The budget deficit has been a worrying issue for the economy of Bangladesh for quite some time now with it reaching an 11-year high in 2019. The government has been looking to decrease this deficit but has seen little improvement in recent years. The biggest source of revenue for the Government of Bangladesh is tax […]

A Nutritious Bangladesh to Ensure a Sustainable Future

Bangladesh, despite claiming that it has achieved self-sufficiency in food grain production, has not, yet, been able to ensure food security for its citizens. This has been reflected in the Global Food Security Index where Bangladesh ranks 83rd among 113 countries. Food and Agricultural Organization (FAO) defines Food Security as the physical and economical accessibility […]

Fair Trade: A Gateway to Equity

Fair Trade is an institutional arrangement which ensures ethical consumption by ensuring better prices, decent working conditions and a fairer deal for farmers and workers in developing  and under-developed countries. Fair Trade products are usually sourced from developing or under-developed countries and are sold in developed countries. It works by charging a premium for its […]

Smart Urbanization: Is Bangladesh On The Right Track?

Urbanization has been synonymous with the growth of the world economy and the improvement in human lifestyle. It is no surprise that 55% of the world population lives in cities and these cities generate 80% of the world’s GDP. However, while cities have been a powerful tool in the evolution of human civilization, they have […]

Tourism: A possible new driver for the economy of Bangladesh

Bangladesh is set to graduate from the least developed country (LDC) category by 2024. While this might show the evolution of the Bangladesh economy, the graduation may cause an irreversible decline to the garments industry which might lose $2.7 billion in export earnings every year after graduation. Thus, Bangladesh needs to start looking for new […]

Foreign Labour Market: Sustainability Through Skilled Labour

Remittance from foreign labourers is the second highest source of foreign currency earnings for Bangladesh. However, since a major portion of the earnings from the highest source, i.e., RMG, is spent buying raw materials, remittance is the largest source of net foreign earnings. Globally, Bangladesh secured the 9th highest position in remittance earnings for 2018. Remittance […]
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