Market Based Economy : The Market Based Economy Of Bangladesh

Under National Agro-Food Policy, agriculture sector has been identified as a National Key Result Area. Under this initiative, the agriculture sector is targeted to increase the Gross National Income by RM28.9 Billion (USD9.1 billion) to reach RM49.1 billion (USD15.4 billion) by 2020. The agricultural sector is also targeted to create more than 109,000 job opportunities by 2020, primarily in the rural areas.

People depend on their farms to provide for their families and they have to deal with a lot of challenges that farmers in the US don’t have to deal with. Such as loss of arable land, unstable population growth, climate changes, inadequate management practices, unfair prices of produce and insufficient research. Each year in Bangladesh about 80,000 hectares of arable land are lost. Even though that all of these problems occur Bangladesh is still an agrarian economy with agriculture being the largest producing sector of its economy. Agriculture makes up for about 30% of the country’s GDP and employs about 60% of the country’s total labor force. Most farmers in Bangladesh own no more than a few acres of land and the crop yields are low because of lack of capital for input. The main cash-crop of Bangladesh is Jute. A cash crop is a crop grown for its commercial value rather than use to the producer or grower of the product. Much like how corn is to the United States, Bangladesh produces around one fourth of the world's jute supply. Unlike the United States which exports a lot different crops in large quantities, Jute makes up for around 13 to 15% of Bangladesh’s annual export ratings. The crop sub-sector of the agriculture in Bangladesh dominates at around 72% of the agriculture while fisheries take up about 10%, Livestock also takes up around 10% and forestry takes up about 7%. Bangladesh farms do not have the technologies

There is no doubt that urban agriculture has many benefits people who are living in urban area especially fixing the food insecurity problem. According to the USDA Economic Research Service (2016), food insecurity can happened when a household loss access to fresh foods due the lack in social and low economic. When the population of people concentrated in an area with bad economic situation increases, it will later affects the employment opportunities and food insecurity might be a critical issue. This is supported by a

From a perilous beginning, Bangladesh has attained notable advancements in economic and social development in about four decades. Since it won its independent in 1971 following a bloody war, many, in the international community were doubtful about the country’s long-term economic sustainability. Some observers predicted a state of continuing aid dependency, while others believed if a country with such enormous and innumerable development problems as Bangladesh could make strides in development, then possibly other developing countries could as

South Asia is one of the most densely populated regions of the world, where despite a slow growth, agriculture remains the backbone of rural economy as it employs one half to over 90 percent of the labor force. Both extensive and intensive policy measures for agriculture

Bangladesh is a very weak and undeveloped country and has some of the worst health and nutrition data. Bangladesh is a parliamentary democracy with 6 divisions and 64 local districts. Bangladesh used to be a part of Pakistan before the turmoil in Pakistan caused Bangladesh to become its own independent country in the 1970s. Much of the nutrition, education and economy is damaged because of the swell in population growth and political issues. in 2000 the World Health Organization approximated 35 to 77 percent of the water in Bangladesh contains arsenic. However, the country has improved and education, the economy and nutrition baselines have risen closer to expected outcomes.

It is notable here that, Bangladesh is going to middle income earning country and according the many leading economic and finance expert it is to be the 23rd largest economy in the world by 2050 whereas many European nations will have smaller economies and less social security than us. The rise emerging market will boost the country’s employment, entrepreneurial and better living standard for everyone. As there already are many globally recognized accounting, finance and think tank organizations working within the country and I am highly positive to secure a brighter future for myself on my return to

Production and Productivity Trends Labor productivity. Up until the 1970s, the Philippines’ agricultural performance, in terms of both agricultural Gross Value Added (GVA) and agricultural exports, compared well with its neighbors and other Asian countries (Figure 3a). But by the 1980s and 1990s, the country had lagged behind most of the countries in the region (Figures 3b and 3c). This came as agricultural output growth had slowed down dramatically through the decades (Figure 4). Moreover, the sector’s growth had been rather erratic in the 1990s, especially with the periodic occurrence of the El Niño phenomenon that had appreciable impact on weather patterns and, consequently, agricultural performance. Table 1 shows the average annual growth in GVA of major agricultural commodities since 1960. What is clear from the table is that growth rates of all commodities, except for livestock and poultry, have been slowing down over time. Furthermore, growth rates have been below the population growth rate, implying that production has not been able to keep up with increasing population. Erratic and decelerating growth over the past two decades is a major concern, as agriculture continues to employ a large

In recent years Bangladesh has achieved rapid economic growth and significant progress in social development despite many other problems. The enviable GDP growth and many other social and environmental successes have gained until now. But still Dhaka is one of the least livable cities in the world. Political economy and urban planning both are complex and people and state oriented. Before discussing about the political economy of urban development process it is necessary to clear the concept of political economy and the economic system of Bangladesh.

Growth in the agricultural sector has been driven by increased production of major food crops such as maize, sorghum and cassava, but the sector’s performance remains below potential. In turn, the services and industrial sectors have shown strong growth. The nascent banking sector and expanding telecommunications sector are key drivers behind services growth, while construction, electricity generation, manufacturing and mining are salient sub-sectors in industrial activity. Looking ahead, the banking and telecommunication sectors will continue to support services growth, while increased electricity generation capacity will benefit the expansion of the manufacturing

Bangladesh has got a population of around 150 million (2011) with a life expectancy at birth of around 63 years, and an adult literacy rate of 47.5%. The recent Human Development

One of the major advantage for any industry in Bangladesh is lower cost of land in urban areas. This helps all the major telecommunication firms in our country to set up offices inside the main city.

Bangladesh is a south Asian country and has an approximate population reaching 164 million. The manufacturing industry is what Bangladesh is known for. That industry also accounted for almost 12% of GDP in 2009 and 2010 with employing over four million people (The Bangladesh Accord Foundation, 2014). The labor force is made up of young, urbanizing, mainly women. Bangladesh accounts for approximately 78% total exports (The Bangladesh Accord Foundation, 2014), which is second to China.

Agriculture is a critical sector of the Indian economy. Though manufacturing and service sector industries gained attention during the

Agriculture in India has a significant history. Today, India ranks second worldwide in farm output. Agriculture and allied sectors like forestry andfisheries accounted for 16.6% of the GDP in 2009, about 50% of the total workforce.[1] The economic contribution of agriculture to India's GDP is steadily declining with the country's broad-based economic growth. Still, agriculture is demographically the broadest economic sector and plays a significant role in the overall socio-economic fabric of