Thinking Aloud: Volume XI, Issue 6: November 1, 2024
The theme of the November 2024 issue of Thinking Aloud is “Reform Challenges in Bangladesh”. The first-page article, “Crony capitalism in Bangladesh: stifling investment and growth” analyses the economic landscape of Bangladesh over the last decade, which has been defined by deepening crony capitalism. Examining various economic sectors, the article remarks that crony capitalism is deeply ingrained and has hindered the possibility of a truly dynamic and inclusive economy that Bangladesh could have attained. The article concludes that, unless the structural issues creating and sustaining crony capitalism are resolved, a propitious investment climate cannot be achieved and sustainable economic development through broad-based domestic and foreign investment cannot be ensured. The second, third, and fourth pages of this issue present three more articles. The second article titled “The structural issues facing RMG sector in Bangladesh” pointed out the structural issues which endanger the sector’s competitiveness in the long run. The article remarks that without significant reforms and a commitment to stability, Bangladesh risks losing its competitive edge in the global apparel market. The third article titled, “Navigating the Global Innovation Index: Strategic directions for firms and industries in Bangladesh” remarks that the GII score of Bangladesh reflects a mixed narrative—steady although constrained progress in certain innovation sectors, and systemic challenges in others. The article reiterates that the GII 2024 provides a roadmap for Bangladesh’s transition from small-scale innovation enhancements to becoming a regional innovation leader. The fourth article titled, “Necessity of child protection in Bangladesh” remarks that the cost of not protecting our children from various challenges is often intergenerational. The article contemplates that, the massive loss that is occurred by not protecting them far outweighs the cost of protecting the children. The fourth page showcases the events of October 2024.
