'Problems and Prospects of Bangladesh Essay\r'

'Despite its poor-country status, increasing numbers of tourists work visited Bangladesh, a new but minor lineage of contrary exchange earning. Tourism in the early(a) 1980s amounted to near 49,000 visitors per year, but by 1986 more(prenominal) than 129,000 touristsâ€mostly from India, the United States, Britain, and Japanâ€visited Bangladesh. According to the Bangladesh Parjaton toilet (Bangladesh Tourism Corporation), some Tk44.6 million in contrary exchange was earned in 1986 from the tourism industry.\r\nPROBLEMS AND PROSPECTS\r\nThe Bangladesh political sympathies and the Bangladesh advocate Group own taken st economical aidly the idea that Bangladesh is the test case for victimisation. In the s upsetly 1980s, it was possible to say, in the somewhat patronizing olfactory property some generation adopted by representatives of donor organizations, that Bangladesh had hugely speaking been a â€Å"good performer.” pull down in straitened times for th e industrialized countries, Bangladesh bear oned a favored country for lusty commitments of new aid resources from a strikingly broad range of donors. The total estimated disbursement for FY 1988 was estimated at US$1.7 billion, an impressive total but just US$16 per capita. Half of that total was for food aid and other commodities of limited significance for economic growth. Even with the greatest imaginable efficiency in planning and administration, resource-poor and overpopulated Bangladesh cannot achieve significant economic improvements on the radical of that level of assistance.\r\nIn examining the economy of Bangladesh, wherever genius turns the problems crowd in and threaten to overwhelm the analysis. underlie problems that have threatened the young nation remain unsolved. These problems accommodate overpopulation and inadequate nutrition, health, and education resources; a low standard of living, land scarcity, and vulnerability to natural possibility; virtual absen ce of valuable metals; and inadequate political science and bureaucratic structures. Yet the brief history of individual Bangladesh offers much that is encouraging and satisfying.\r\nThe orbit Bank, leader of the Bangladesh Aid Group, described the country in 1987 as a success story for economic development and show optimism that the goals of the Third Five-Year Plan, and longer term development goals as well, could be attained. Government policies had been effective in impact the economy. The private sector had benefited from an environment of greater economic freedom and had improved performance in banking and output of jute, fertilizer, ready-made garments, and frozen seafood. The average growth array of economy had been a steady, if unspectacular, 4 percent since the graduation exercise of the 1980s, close to the world average for developing countries.\r\nThe portray of day-to-day and even year-to-year performance of the economy of Bangladesh is a mixture of accomplishme nt and failure, not significantly antithetic from that of the majority of poor Third World countries. The regimen and people of Bangladesh are entitled to take some pride in the degree of success they have achieved since independence, especially when one contrasts their success with the gloomy forecasts of economists and international experts. The international donor community, led by the World Bank, similarly can be proud of the single-valued function it has played in assisting this â€Å"largest poorest” nation to become a respected member of the family of nations.\r\n* * *\r\nWorks that are utile for gaining a basic understanding of the Bangladesh economy include Bangladesh: Emergence of a Nation by A.M.A. Muhith and The policy-making Economy of Development by Just Faaland and J.R. Parkinson. Rehman Sobhan’s The Crisis of External Dependence provides an insightful critique of the foreign aid sector. Kirsten Westergaard’s State and Rural monastic order in Bangladesh provides information on boorish development in the context of the relationship between the adduce and rural society. Articles by Abu Muhammad Shajaat Ali and Akhter Hameed Khan provide agricultural case studies on the village of Shyampur and the Comilla Model, respectively.\r\nThe Far east Economic Review and Economist both conduct timely reports on the state of the economy. Among the most weighty sources of information on the economy, however, is the documentation provided by conglomerate agencies of the governments of Bangladesh and the United States and the World Bank. Important among these is the annual statistical Yearbook of Bangladesh published by the Ministry of Planning. The Bibliography of Asian Studies from each one year carries numerous reports on the macroeconomy of Bangladesh and should be consulted for details. (For barely information and complete citations, see Bibliography.)\r\n'