The governor’s dilemma

July 26, 2010
M A Taslim

The governor of Bangladesh Bank has just announced the monetary policy for the second half of 2010. He could not possibly have been very comfortable with the script; it forced a marked shift in his usual populist stance that has endeared him to the people. He quite correctly articulated the need for “due vigil...
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Posted in Economy | 3 Comments »

A budget to implement

June 13, 2010
M A Taslim

The finance minister (FM) seems to have been spooked by the recession to propose a very large increase in the budget of 2010-11. The economy has performed modestly with none of the major sectors showing much dynamism. The modest growth rate of 5.5 percent (BBS) in 2009-10 owes much to education and public administration...
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Posted in Economy | No Comments »

Off the Mark
The Wal-Mart Effect

March 23, 2010
M A Taslim
Off the Mark<br /> The Wal-Mart Effect

Defying the global trend the export of ready made garment (RMG) from Bangladesh held up rather well during the worst global recession of the last seven decades (see Chart 1 below). The reasons for such a good performance have been the subject of much speculation and theorising. Initially it was thought that there would...
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Posted in Economy, Finance | 1 Comment »

Off the mark: Limits of industrialisation

February 24, 2010
M A Taslim
Off the mark: Limits of industrialisation

The tremendous success of industrialisation in raising living standards of the developed countries during the nineteenth and early twentieth centuries has engendered a belief that industrialisation is a prerequisite of economic development. Indeed, over time industrialisation has come to be regarded as coterminous with economic development. Even agricultural development was to be pursued in...
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Posted in Economy, Finance | 3 Comments »

Off the mark: Backward linkages and high value products

December 8, 2009
M A Taslim
Off the mark: Backward linkages and high value products

Much importance is attached to the concept of ‚Äėbackward linkage‚Äô in development literature. Commonly it is understood to refer to an industry that produces an output that is used as an input in the production of another output (it could also refer to positive externalities). For example, steel production is a backward linkage industry...
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Posted in Economy | 6 Comments »

Off the mark: Taking pot shots at economics

November 24, 2009
M A Taslim
Off the mark:  Taking pot shots at economics

When the economy performs well, people are in general happy with themselves; but when it goes awry there is no shortage of people to take pot shots at economics. To many economists, especially those working in the West, the controversies raging in our media over some of the economic issues would appear odd since...
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Posted in Economy | 8 Comments »

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