The largest and biggest contributor to Bangladesh’s economy is the agricultural sector. Seen often as the ‘unsung’ hero of our growth revolution, it still serves as the most significant industry in this country. In spite of its large contribution to employment, relatively speaking, its contribution to GNP falls short of expectations. Hence, as with other developing countries, the agriculture sector in Bangladesh can be classified as predominantly being ‘traditional’. This implies that it is mainly comprised of small households that suffer from technological stagnation, unskilled labor, and supply chain and market linkage problems.…
Rice is the staple food of around 162.2 million people of Bangladesh and with the green revolution, subsequent liberalization policies, and introduction of HYV or MV rice has turned a dependent nation into almost self dependent in respect of food grain production. The country produces around 27-28 million tons of rice annually, against the requirement of around 30 million tons of rice. An insignificant amount of Aromatic rice is also exported. The country requires around 5 million tons of wheat against the production of around 2.5 million to 3 million tons. In a nut shell to meet the local demand of food grain Bangladesh need to import 2-3 million tons of rice and 2-2.5 million tons of wheat yearly. In overall, agricultural production planning has turned to market oriented or market driven approach with little exception to the rice production for obvious reason of local food security particularly in turn of the global crises in the food grain market during the 2008-2010 period. Unlike the previous crises, the recent one showed that even money is not always enough to buy a particular produce from the world markets if the crises is too pervasive. Even the exporting country might need to restrict export for won security. In respect of open and free market economy, (from global to regional to local level) performance of the marketing system of any agricultural produce whether public or private will denote the market stability and consumer satisfaction completing and helping to continue the economic production cycle of any commodity. Particularly in the developing countries public food procurement and distribution systems are common as tools of providing market stability and meeting emergency.…
Bangladesh is a rapidly developing country with a rapidly growing economy. Its economy ranks as 43rd largest economy regarding its PPP terms in 2010 and 57th largest economy regarding the nominal terms according to the IMF. By observing the economy of Bangladesh it is said that its economy is mainly market based economy. After liberation war Bangladesh had to suffer a lot and its economy was devastated at that time. So foreign aid was the main source of external earnings for Bangladesh. After passing about four decade Bangladesh has established a stable economy though it is still troubled with inflation, political instability and other constraints. Bangladesh had once only few countries to trade with as it had limited range of product to export. Importing products is still continued by Bangladesh since its production is not sufficient.…
The first important observation is that SAARC plays a very marginal role in Bangladesh’s exports. The share of Bangladesh’s exports to SAARC amounts to less than 4 percent of Bangladesh exports to the rest of the world. The shares are slightly more significant for imports, amounting to just below 12 percent for fiscal year 2007/08, but are still not as high as one might have expected. Second, the shares of imports and exports have grown only marginally over the ten year period: a) for exports from 2.4 percent to 3.3 percent, b) for imports from 13.8 percent to 18.1 percent, and c) for the sum of exports and imports from 9.1 percent to 11.6 percent.…
Bangladesh is an emerging economy in the world. The improvement of its economy also depends on the performance of its BoP.…
Agriculture contributes 20 per cent of the Gross National Product (GNP) and 50 per cent of employment in Bangladesh. The prices of essential commodities have an impact on budgets of most of the citizens having fixed income. Rice constitutes a major share of expenditures for the poor. For example, rice accounts for nearly 40 per cent of expenditures for the poorest three-fifths of the urban population in Bangladesh. Farmers get benefit from stable rice prices because most of them are poor. The farmer is an investor in an uncertain biophysical environment where risk markets are imperfect and cannot guarantee access to credit when needed. These volatile conditions are often the result of inadequate storage facilities or a lack of standardised marketing agreements. In contrast, during 1990s the economic liberalisation in many countries led to increasing withdrawal of the government's intervention from the agricultural commodity sector, which made the agricultural prices dependent on domestic and international market forces.…
Mir Md. Nazmul Haydar MBA 22nd Batch ID No: 111-126-025 Metropolitan University Content |Sl No. |Title |Page no. | |1 |Introduction |1-3 | |2 |Composition and Performance of Exports of Bangladesh |3 | | |Export Earnings and Export Growth | | |3 |Export Earnings and Export Growth by Commodities |3 | |4 |Exports of Primary and Manufacturing Commodities |4 | |5 |Export Value, Volume and Unit Price Index |4-5 | |6 |Exports Performance Compared to Imports |5 | |7 |Composition and Performance of Imports of Bangladesh |5-6 | | |Import Composition and Growth |…
Here is the recommendation term paper on “the growth of balance of payments and sectoral growth of Bangladesh” that you authorized in your letter on 28th April, 2012.…
Dynamics of Micro Finance Programs in Poverty Alleviation in Bangladesh: Present Status, Challenges and Policy Actions…
An outlook on application of Dual Sector Model in Bangladesh ....................................................... 7 Shortcomings and possible solutions for the application of the Lewis model ......................................... 9 Conclusion ................................................................................................................................................. 10 Appendix .................................................................................................................................................... 11 References…
Agriculture is an important sector of the economy of Bangladesh and one of the main drivers of economic growth. In order to ensure food security, the present government is committed to achieve self sufficiency in food by 2013 through increased production. The contribution of this sector to GDP stood at 20.49 percent in FY 2008-09. According to the revised estimate of BBS, the overall contribution of the broad agriculture sector at constant price is 20.24 percent of GDP in FY 2009-10. Though the direct contribution of the agriculture sector has decreased slightly, its indirect contribution to the overall growth of GDP is significant. The growth of broad service sector, particularly the growth of wholesale and retail trade, hotel and restaurants, transport and communication sector is strongly supported by the agriculture sector.…
Bibliography: Authors’ calculation based on Bangladesh Bureau of Statistics (BBS), Bangladesh Economic Review 2011, Bangladesh Bank. Authors’ calculation based on Bangladesh Bureau of Statistics (BBS), Bangladesh Economic Review 2011, Bangladesh Bank. bb.org.bd. Economic Review, 2006 and 2007, Fiscal Report of MoF. (2012). World Bank Report .…
Mohammad Shahidul Islam1, Md. Musa2, Rajib Kanti Das3 1. Assistant Professor, School of Business, University of Information Technology and Sciences, 40/1 Jakir Hossain Road, Khulshi, Chittagong, Bangladesh Tel: 88-01190-955692 E-mail:shahidulislam28@yahoo.com 2. Lecturer, School of Business, University of Information Technology and Sciences, 40/1 Jakir Hossain Road, Khulshi , Chittagong, Bangladesh,Tel: 88-01819-619269 . E-mail: musa0999@gmail.com 3. Assistant Professor, Faculty of Business Administration, BGC Trust University Bangladesh * E-mail of the corresponding author: shahidulislam28@yahoo.com Abstract The Economy of Bangladesh is classified into three sectors. Of these, the average contribution of service sector, industry sector, agriculture sector to the GDP are 49.33%, 28.42% and 22.42% respectively. So, the service sectors contribute most of the development of national economy. The research aims are to analyze the comparative contribution of service sector with other sectors, the impact of trade liberalization of service sector and to provide the recommendations for development of service sector. It is taken a sample of ten years data of GDP from 2000-01 to 2009-10 for analyzing the comparison of service sector with other sectors (industry and agriculture). The average growth rates between service sectors and industry sectors or agriculture sector or total GDP are analyzed with‘t’ test. The average growth rate of service sector, inudsty sector, and agriculture sector are 6.17%, 7.49%, 3.21% respectively. The growth of service sector is more than the agriculture sector but less than the industry sector (result of‘t’ test). The paper also reveals that total trade deficit of service is increasing over the year.The average employment of Agriculture, Industry, Service to total…
While the words of agriculture are vast, varied and rapidly changing with the policies and supportive investments at local national and global levels today’s agribusiness offers new opportunities to the developing country to remove out of poverty. Agribusinesses include smallholder farming and animal husbandry employment in the new agriculture high value products and entrepreneurship in the nonfarm economy. Using agriculture as the basis for economic growth in the agriculture based countries requires a productivity revolution in smallholder as well as other farming. In Bangladesh though Agribusiness is new, but it would be a most important business activity because Bangladesh is an agricultural country…
through the lens of equity and inequality. Poverty is not only about 'poor ' people but also…