Letter

Saturday, 04 February 2012 00:00

Author / Source : ---

Need for effective handling of economy
Sir,
After Bangladesh achieved its independence in 1971, the country’s economy has come a long way, but the country is still considered a poor country. Nevertheless, Bangladesh has a huge potential to tap. In fact, the country is in transition from an agro-based one to a manifesting one.
Bangladesh can attract investment from foreign countries in volume, if problems and difficulties, especially that persist in power, infrastructure and governance related areas, are overcome for great economic development.
This is not easy. Our existing political culture of hostility and vengeance, one can agree without any hesitation, has hampered development to a great extent. Bangladesh judiciary is in tatters. The Transparency International Bangladesh’s (TIB) reports have revealed this time to time. Our bureaucracy gives a strong impression that it is inefficient, sluggish and
corrupt.
This failure in politics, judiciary and bureaucracy creates an image problem of Bangladesh as an investment destination abroad.
Even so, the country can expect to fulfill the resource gap that exists in achieving the desired growth, if efficient and sincere leadership takes up this challenge addressing the problems and difficulties. But current political crisis in the country frustrate all our hopes.

Ibn Manzoor
Dhaka