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- Jan 10, 2011
- Post of the Week
Would like to know.
Unfortunately for Bangladesh, the geography and size means that the range, volume and value of potentially yet undiscovered or untapped natural and mineral resources is only a fraction of that of Pakistan's. Pakistan's industrial base, in relative terms, is also far greater than that of Bangladesh.Pakistan economy is 2x bigger then Bangladesh and population is 180m compared to 160m for Bangladesh.
Unfortunately for Bangladesh, the geography and size means that the range, volume and value of potentially yet undiscovered or untapped natural and mineral resources is only a fraction of that of Pakistan's. Pakistan's industrial base, in relative terms, is also far greater than that of Bangladesh.
Taken together, the potential resources and the potential size of the industral base, means that if and when the politics are sorted out, the future for Pakistan is likely to be much brighter for Pakistani's than that of Bangladesh for Bangladeshi's.
Pakistan did well until early 90s compared to all other countries in SC. But in the last 2 decades or so, their growth is the worst in the SC. Still overall they are better than countries like Bangla/Nepal/SL but they need to sort out their domestic and international issues ASAP. Otherwise other countries will over take them soon.
Problem with Bangla is their population. They need to do something to get it under control.
From 2001 and 2007 Pakistan did well and GDP growth rate was good because of no sanctions anymore. The problem is now 3-4% GDP growth is lost because of enerygy crisis and on top of that terrorism. By the way Sri Lanka percapita income is close to 3000$, way more then India and Pakistan.
True pak was doing great in 80's and early 90's as far as my knowledge goes..for some reason pakistan has totally lost it in the last 10 odd years....strange because most developing 3rd world countries like us, Brazil picked up around that time....I guess 2001 September 11 was the starting point for sad stuff that was to follow....
Pakistan decline started in early 90s, exactly when India started doing well economically, since then their growth has not been as good as they had until early 90s.
Yep SriLanka's percapita is better than Pakistan but overall economy I was talking about. Per capita is not everything.
Bangladesh for the first time has left Pakistan behind in exports as the former has surpassed an unprecedented mark of $24.3 billion during last fiscal year as compared to $23.6 billion figures registered on account of Pakistan's exports.
That's assuming that half of Bangladesh will not be under water by then due to rising sea levels as a result of global warming.Source: http://www.brecorder.com/business-a-economy/189/1218755/
Experts believe that Bangladesh export will be double in next 5/7 years time. Here is one long term prediction about GDP per capita and other factors
Is Bangladesh in a more stable part of the world as compared to Pakistan? I would think that would factor into the economic growth environment as much as anything.
The effects of sea levels rising due to global warming on a country like Bangladesh are thousands of times greater than dropping hundreds of nukes on a country geographically the size of Pakistan.Also assuming Pakistan will have avoided getting nuked by one of these countries .
.Effect of climate change
Assumption and effect in Bangladesh
100 cm sea level rise in next 100 years will inundate 15 -17% of countries land area (22135-26562 sq. km)
20 million people will be environmental refugee
Sea level rise would inundate 58000 ha. of agriculture land
Loss of mangrove forest
Salinization of ground water
http://saarc-sdmc.nic.in/pdf/worksh... change & Sea Level Changes in Bangladesh.pdf
Yeah , during Musharraf era , the economy was doing well , until the last 2 years , when it went downhill . A lot of businesses had opened up and Karachi , being the financial capital , attracted investors . Mustafa Kamal`s work also helped .
Then , after , the government changed , there was more loadshedding than ever , all kinds of unnecessary holidays , general strikes , mourning days , political / ethnic and sectarian clashes . Within 5 years , Pakistan rupee has gone from 60 rupees for a dollar to close to a 100 rupees .
Many businessmen , some I know of personally , have moved to Bangladesh and setting up business there . It is cheaper , compared to moving to UAE , so great for smaller businesses .
This will really help Bangladesh .
Why is the stock market at all time high? Infact, it was 4th best performer in 2012.
Stock markets are functions of liquidity and tend to only be weakly correlated with economic growth and usually lagging / leading indicators of the overall economy depending on point in the cycle.
For example US stock markets were at record highs prior to the massive banking crash which almost brought down the Global financial system.
I suspect Pakistan stock market has only performed because there is some liquidity in the market which is probably a vestige of a credit bubble no doubt. Has little to do with the Economy at large.
my original question : does it mean your economy is rocking or stock markets have run up in expectation of imminent good times ?
Bangladesh 'far ahead' of India in human development: Amartya Sen
So nothing much has changed then!
unfortunately not. It starts at the top and goes all the way down. Only public sector employees pay taxes as they are kind of forced to.
They are very capable and resourceful people, I wish they could sot out their governing issues and realise they need to invest in themselves by paying taxes.
I am always amased at Pakistanis when they proudly claim to be supporter of parties who seek to maintain status quo.
all these #'s mean nothing.....
only thing that matters is how much an average worker makes
What is the market cap of KSE compared to Dhaka.Sensex has much higher cap than this and its 24% rise will mean much much more value creation than a 49% rise in KSE.So i guess a fair comparision will be between Dhaka and Kse.
wow. 15% on fixed deposits ? here in India,its like 8.75 .
btw,at what rate do they lend money ?
I think the 15% might not be every bank and probably has a large deposit as a condition as well as no withdrawal for an extended period! The interest rate stands at 9.5% in Dec 2012.
Year on year inflation stands at 6.9% in Nov 2012.
FAO Eagle_Eye, here's your answer regarding the BD stock market:
Another political scam. Same thing happened when Awami League last came to power in 1996.
And the stock exchange is hardly the best indicator of an economy's health. Now, 1 Bangladeshi Taka is worth 1.22 Pakistani rupees. That says it all really.
If by stronger you mean the rate at which the economy is growing and the proportion of people employed then yes the Bangladeshi economy is stronger than the Japanese. In case you didn't know Japan is in recession. If you are simply talking about size then there is no debate to be had; both Japan and Pakistan have larger economies than Bangladesh at the moment.[/B]
Ok by that logic
1 bangladeshi taka is worth 1.08 japanese yen.
Is bangladesh economy stronger than japan?
I have really seen someone say that his country has a strong economy because their money has more value than Pakistan's one?
Bangladesh economy may be stronger than Pakistani one, but that someone would use this sort of argument to prove it just shows how little he really knows about economy.
If by stronger you mean the rate at which the economy is growing and the proportion of people employed then yes the Bangladeshi economy is stronger than the Japanese.
Did you just post the inflation rate?Inflation rate at Dec 2012
Pakistan - 7.90
Bangladesh - 7.69
Firstly you defeat your own argument with the currency comparison and now with:
You know its usually the Indians who make ludicrious claims of their grandeur but you know what, I think you have topped it.
Anyway on with Pakistan - Bangladesh comparison.
Pakistan - 177 million
Bangladesh - 150 million
Inflation rate at Dec 2012
Pakistan - 7.90
Bangladesh - 7.69
GDP per capita
Pakistan - 1100
Bang - 700
Pakistan - 2700
Bang - 1700
I will leave you to draw the conclusions.
Let him hold on to the 'Pakistan has higher GDP per capita' thing. In 5/6 years even that will be gone.You are conveniently ignoring the fact that Bangladesh economy is getting stronger and this is just a matter of time that BD will become 2nd largest economy in South Asia. It will happen in 5/6 years time with current growth rate.
In 2012, Pakistan’s forex reserves fall to $13.50 billion
Only 1 year ago it was $18b. This just shows how quickly Pakistan is going in the downhill. As of Jan,2013 Bangladesh foreign reserve stands at $13.04b. Bangladesh had less than 50% foreign reserve compared to Pakistan only 2 years back!!
Pakistan’s exports fell to $23.64 billion in 2011-12 from $24.82 billion in 2010-11, showing a decline of 4.75 per cent.
In last 12 months, Bangladesh performed better in international trade by narrowing trade deficit (approx $11,614 million) compared to Pakistan, which had broader trade deficit (approx. $21,288 million). Last year, Pakistan experienced a total export and import of $23,64 million and $44,912 million (cost and freight) respectively. On the other hand, the total export of Bangladesh amounted to US$24,301.9 million and the total import came down to $35,916 million (cost and freight). I don't think in 5 years time, you will be in a position to compare this. Bangladesh will be soon out of reach in the coming years. From IMF, Worldbank to every single social indicators suggested that Bangladesh is now heading to be the second largest economy of this region replacing Pakistan. And it will happen before 2020. I remember in 2005, when many economists predicted that BD export will overtake Pakistan's total export by 2010, many people were laughing. Albeit it happened 2 years later than it predicted but BD eventually achieved this and soon it will be 2 times bigger in next few years. If you consider where was Bangladesh 40 years back or even 10 years back, then you will get the answer. In 2012, the total foreign direct investment(FDI) in Pakistan was only $305.6m whereas Bangladesh received FDI of $1.13 billion last year.
i was reading a book on development economics, and they said that it all comes to self esteem of the people.. but it is so hard to measure. when you feel confident you spend more, the economy is in boom.. although not necessary. it can also mean that the economy is not growing at a fast pace, but there is enough for the needs of the people..and they are happy. a rickshawala in india might be earning a lot less, but he can be happier than an american who earns a lot more.. so how happy you are is the real measure, only problem is there is no accurate way to measure it.
I don't know man, the way i see it 'self esteem' is not at all about spending money. If you have low self esteem, you will stay that way even if you earn a lot of money and start spending it on luxury items because there will always be someone who owns a more expensive and elegant item (or a girlfriend ) than yours. You will feel awkward sitting next to him, him being richer, luckier than you will burn you deep inside. A man with a high self-esteem will never feel that way.
Highly controversial assumption that.