The golden rule of crony capitalism, in which profits are private but losses are social, has led to blatant injustice, as is generally recognised. The extra-market connections of crony capitalists facilitated transactional benefits while leading to entrenched market power, distorted competition, and depressed productivity growth, all contributing to growing inequalities. Yet, attempts to change the crony business model are facing their own dilemmas.
International Day of Happiness in Bangladesh: A cruel joke? Few find joy amidst daily struggles.
Bangladesh inflation soared (5.86 percent to 11.38 percent in 2022-2024), driven by global shocks and food prices.
What started as a moment of hope—a chance to break free from the chains of authoritarian rule—has increasingly turned into a struggle for meaningful reform.
The Bangladesh economy saw its lowest quarterly growth in three-and-a-half years in the first quarter of the fiscal year on the back of political upheaval and severe flood in August.
Arrival of winter vegetables contributes to the decline
The central bank governor made this remark while inaugurating the Golden Jubilee Celebration of Bangladesh Institute of Bank Management (BIBM) in the city.
Our data shows economic pressures and polycrisis have been growing especially since Covid.
"The imposition of higher tariffs on Chinese goods by the Trump administration could prompt international businesses and investors to turn to Bangladesh," Ahsan Khan Chowdhury, chairman of Pran-RFL Group, said today
Says, turned Bangladesh from crony capitalism to kleptocracy
The Opportunity Economy (OE) is not only an inclusive economic system, but a new paradigm.
Persistent inflation driven by high commodity, energy prices and currency depreciation
The WB said Bangladesh's economy is expected to grow by only 4 percent due to the uncertain impact of political protests and the ongoing transition in government
By embracing peace-sensitive tourism, Bangladesh can develop its tourism sector as a force for good, fostering peace and equity for all
How did the elite and the politicians manage to evade the rule of law and siphon billions out of the country?
BB is not blocking or interfering with the accounts of any businesses, regardless of their political affiliations, said BB Governor Ahsan H Mansur
Inflation declined to 10.49 percent in August from 11.66 percent in July, according to data released today by the Bangladesh Bureau of Statistics
The problems are economic, social and political in nature.
Despite repeated warnings, no effective measures have been taken to rectify the poor governance.
