I feel it is important for Bangladesh to be free of LDC status because of their size, growing economic opportunities, and ability to take their use of technology to the next level. I would like to discuss Bangladesh and its ability to move away from LDC status through the use of technology to improve their economic health and political system. The People's Republic of Bangladesh is the 8th most populous country in the world, yet it is a LDC. I would like to focus on technology and the benefit its usage could bring to Bangladesh.
The Bengali people won Bangladesh Liberation War in 1971 over West Pakistan. After independence, the new state endured famines, natural disasters and widespread poverty, as well as political turmoil and military coups. The restoration of democracy in 1991 has been followed by relative calm and slow economic progress.
There is much political and bureaucratic corruption in the Bengali political system providing opportunity to improve their system of government. Politically Bangladesh is a parliamentary representative democratic republic. The Prime Minister is the head of the government. Executive power is exercised by the government. Legislative power is vested in both the government and parliament. The Prime Minister is formally appointed by the President and he or she must be a Member of Parliament who has the confidence of the majority of parliament. While mainly a ceremonial post, the President is the head of state and is elected by the parliament.
The economy of Bangladesh is a market-based economy. The service sector has expanded during last two decades and the country's industrial base remains very positive. Technology can be used more effectively to help the infrastructure grow to support more transportation, better communications. More efficient power supply and water distribution are needed to continue to grow and develop. Its per capita income ranked as Bangladesh as the 47th largest economy in the world in 2010. More...
Please join StudyMode to read the full document