Investment Climate in Bangladesh: Performance and Possibilities

Abdin, M.J. (2015). Investment Climate in Bangladesh: Performance and Possibilities, International Journal of Economics & Management Sciences, Volume 4, Issue 9

8 Pages Posted: 10 Dec 2015

Date Written: September 6, 2015

Abstract

Bangladesh achieved lower-middle income country’s status from the World Bank in July 2015. It’s GNI per capita raised into USD 1314 in 2014-15 FY from USD 1184 and USD 1054 in 2012-13 and 2013-14 Fiscal Years respectively. The government of Bangladesh declared Vision 2021 to be a higher middle income country by the year 2021. Therefor it has only 6 years in hand to raise GNI per capita from existing USD 1314 into USD 4126 to become a higher middle income country. There are many other challenges in front of it like; about 31.5% population is living below poverty line, there are 56.7 million workable populations in Bangladesh with 2 million unemployed populations. About 1.8 million educated workforces are entering into the job market in each year. GDP Growth rate is rotating around 6% to 6.6% during last decades, but it has to be increased into 8% to 10% to facilitate employment generation and poverty alleviation in Bangladesh. A huge amount of new investment is required to increase GDP growth and employment rate up to the desired level. There are options to increase local investment as well as go for foreign direct investment but preparations shall be taken in time. Otherwise Vision 2021 may not be achieved even by the year 2031. This is the time to compare Bangladesh’s performance in local and foreign investment attraction with its competitor countries. Current investment attraction tools using by the government of Bangladesh could be rechecked and initiate effective corrective measures as, when and where required.

Keywords: : Investment climate in Bangladesh; Investment scenario in Bangladesh; Trend of local investment in Bangladesh; Trend of fdi into Bangladesh; Economic growth through investment promotion; Employment generation and poverty alleviation through investment promotion

JEL Classification: D92, E22, F21, P33, R42

Suggested Citation

Abdin, Md. Joynal, Investment Climate in Bangladesh: Performance and Possibilities (September 6, 2015). Abdin, M.J. (2015). Investment Climate in Bangladesh: Performance and Possibilities, International Journal of Economics & Management Sciences, Volume 4, Issue 9. Available at SSRN: https://ssrn.com/abstract=2701169 or http://dx.doi.org/10.2139/ssrn.2701169

Md. Joynal Abdin (Contact Author)

DCCI Business Institute (DBI) ( email )

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

Register to save articles to
your library

Register

Paper statistics

Downloads
69
Abstract Views
414
rank
327,891
PlumX Metrics