This article outlines a proactive policy agenda that goes beyond crisis control to promote purposeful growth. It emphasises the need for a more balanced macroeconomic strategy that controls inflation without choking investment, alongside realistic exchange rate management and stronger market govern

Bangladesh’s economy is showing signs of stabilisation. Foreign exchange reserves have improved, import compression has eased immediate pressure, and the worst phase of panic in foreign exchange markets appears to have passed. Yet that surface calm hides a more uncomfortable reality. Growth h

Employment generation has been a problem for the past decade. Employment elasticity of growth has been declining and remained low. If we look at the sectoral allocation of labour in the country, employment in agricultural declined but remained high. Manufacturing employment grew with RMG, but in re

The importance of investment in economic growth is well acknowledged both in theory and empirical literature. No country has been able to accelerate economic growth without significantly increasing the investment-GDP ratio. However, there are disagreements among economists and policy-makers about t

Bangladesh has apparently made remarkable progress in reducing poverty over the past one and half decades. According to the national estimates, the overall head-count poverty fell from as high as 48.9 per cent in 2000 to 24.3 per cent in 2016. Also, the extreme poverty fell from 34.3 per cent to 12

Theoretical and empirical literatures on sources of economic growth emphasise on factor accumulation and factor productivity as two major sources of growth. Though factor accumulation can explain a significant part of economic growth, it can't explain the sustained long-run economic growth,