Bangladesh's economic success over the past two decades is undeniable. Yet behind this narrative of steady growth lies a fundamental weakness that threatens the sustainability of that progress-namely, sustainable development. This weakness is the abnormally low tax-to-GDP ratio. With tax collectio

The current government appointed a new governor at Bangladesh Bank, 'force-releasing' the previous one. The move has faced sharp criticism. In this context let's try to understand what qualifications, qualities and personal attributes a governor of a central bank should possess. To do so, we will r

The primary objective of education is making individuals cultured while culture refers to a composite of values that include a commitment to human welfare, a normative sense of the good, and spirit of collective. Welfare must be ensured for all; however, priority should be given to those whose labo

The danger of macroeconomic mismanagement was aptly highlighted by Paul Krugman (1994) and William Easterly (2001), who cautioned that inefficient resource allocation can undermine the gains from openness and investment, leading to economic stagnation even amid high levels of public spending. Soun

One key reason behind China's rapid economic growth is its success in aligning the needs of industry with the skills produced by universities. China deliberately promoted close cooperation between academia and industry, creating mechanisms that move scientific research quickly into commercial use.

This year’s Nobel Prize in Economics awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt signifies recognition of substantial advancements in the field of innovation-driven economic growth. Their research is anchored in the concept of creative destruction, a theoretical framework first a

The economic ties between Canada and the United States (US) are not just significant, they are among the closest and most important trading partnerships globally. In 2023, the daily goods and services trading surpassed US$2 billion, with the total annual trade reaching a record high of US$900 billi

In the second and third decades of the twentieth century, some of the most significant events in human history occurred, such as World War I, the Treaty of Versailles, the Russian Revolution and the beginning of socialism, Mussolini's emergence in Italy, and the rise of fascism worldwide, the Great