Building a Prosperous Bangladesh for the Next Generation

3 Pages Posted: 3 Mar 2015

Date Written: March 1, 2015

Abstract

There are many research reports that have mentioned Bangladesh as one of the most potential countries for economic development and faster growth. The economic growth rate is on an average 6-6.5 per cent per year over the last one decade. A long list of monetary and fiscal incentives is offered by the government to attract foreign direct investment (FDI). The business community is awaiting joint ventures with foreign partners.

But Bangladesh has failed to get the expected return out of its different initiatives. Our racing mate countries of '70s or '80s like Malaysia, Vietnam, Singapore, etc. have gone far ahead of us in every economic parameter.

One of the main reasons why we lag behind is that we lack national reputation. We ranked among the top ten in terms of corruption and we are prone to political instability.

Foreign missions here in Bangladesh are sending messages to the citizens of their respective countries to avoid any travel here, if it is not that urgent. Where are we going?

According to a survey report, the most reputed country of the world in 2014 was Switzerland, followed by Canada, Sweden, Finland, Australia, Norway, Denmark, New Zealand, the Netherlands and Germany. Two Asian countries were on the list of top 20 reputed countries - Japan was placed in the 14th position and Singapore 20th.

Keywords: National reputation, building reputation of a nation, reputation of Bangladesh

Suggested Citation

Abdin, Md. Joynal, Building a Prosperous Bangladesh for the Next Generation (March 1, 2015). Available at SSRN: https://ssrn.com/abstract=2572259 or http://dx.doi.org/10.2139/ssrn.2572259

Md. Joynal Abdin (Contact Author)

DCCI Business Institute (DBI) ( email )

DCCI Building (11th Floor), 65-66 Motijheel C/A
Dhaka, 1000
Bangladesh

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