Along with Bangladesh this year, Afghanistan and Myanmar have also been ranked in the 'Developing' country list. Even if all the examinations passed by 2021, it is possible to become a middle income country in 2024 only. Sadly, nowadays, our exclusive competition with these countries of dire corruption, the rule of poverty and the broken rule. We do not have the morale to look a little higher.'They' often want to know, 'If so much corruption, why GDP increases?' If there is no chance of increasing GDP if corruption is there! But the GDP growth in the economy increased. In that sense, the looting of roads, culverts, bridges or flyovers; The MP, the leader, the contractor, the more share-shareholders, the more the leaping jump the project expenditure, the money market is increasing, so the GDP will increase.Just as a road accidentally breaks ten times, the GDP increases, but half of the people are hospitalized due to all the diseases that are caused by water pollution, air pollution, or sedimentation. However, GDP increases, Dhaka's Lifeline canal and canals are occupied by influential people's multi-market market, but GDP Leads. GDP grows even after the building gets occupied by the green fields of children's play.There is also a change in the economics textbooks and high international international conferences like Davos. With the exception of important issues such as environment, public health or rule of law, it is not possible that only development of GDP or per capita income is not established.
As Global Comptive Index says, the worst road of Bangladesh is after Nepal.Roads are being constructed more than twice as many times as other countries, but in a few years there is a terrible disaster in the roads. Needing to rebuild quickly In other words, new budgets, new transactions, new shares, new stolen Unfortunately, if the cost of the project or theft increases, it is normal to raise the GDP. Because, GDP understands the value of the 'Final Product'. The share of the money: the leader, the people and the contractor, the accounting liability is not the GDP.However, there is no dispute with GDP if there is money for corruption and there is investment in different sectors of the country. As in the time of General Suharto, Indonesia was the world's most corrupt country. During the same period, Indonesia's GDP and per capita income increased. That is, the money of corruption was within the country and it played a role in production, investment and employment. But the image of Bangladesh is not so simple.Corruption like plagiarism is the fact that banks' robbery is being freely shared with the people of power, the people near the government are the owners of huge money, but ultimately the loot money is going out of the country outside the country. We know, small investors have lost about 15 billion rupees in the share market scandal. A large part of it has been trafficked abroad. 'Global Financial Integrity Report says that in the last 10 years, about 6 lakh crore taka has been trafficked from Bangladesh! That means it is twice our national budget!Here are two relevant questions. First, the huge amount of money looted from the bank, but its direct impact on the overall economy? The second question is that a large part of the money of loot and corruption is going out of the country, yet why is it not affecting the national per capita income? Firstly, international risk checkers say that the banking sector of Bangladesh is at risk of serious risks (even after the approval of a new bank, the ruling parties!).According to sources in the Ministry of Finance, in the last nine years, they have been given subsidy of around 16 thousand crore to get rid of 'mismanagement' (refer looting) in the banking sector. The worst news is that the central bank is accepting all the wrongdoings of private banks! 50 percent of the amount of blood money deposited in public bank's custody has now been decided to keep the private banks' funds!And at the beginning of this year, six state banks have asked for more than Tk 20,000 crore to handle the looting. How much money will this huge amount of subsidies come? What is the extra tax, people without paying VAT and collecting money?The second question was, how much is the increase in per capita income after so many corruption? The answer is crisp and bicchabhanga.On the one hand every year 60-70 billion taka is being smuggled abroad, 7 working on the other side without eating at the other side, working around the amount of about 90 thousand crore remittance, expatriate workers 8 Money laundering, bank loot, Harilut, so much so that per capita income is increasing. Note that the labor of the Bangladeshi banking sector is hidden within the 'low-food' menus day after day after the labor of the laborers faded from labor-intensified.Today, they can say, 'Four thousand crores worth nothing', due to this huge amount of blood-watering remittance! Though the Reserve's 800 crore taka 'K' or 'Kara' just wandered, Bangladesh Central Bank can stand up to its height even today.
How are people in the development of the economy to rotate the economy? The truth is that they are not good. Farmers do not get fair prices of crops in the country of development year after year.
In the country of development, the lowest wages in Asia are 9 and the workers at the garment sector are 10. Unable to stay in the country of development, after working hard for the fracture abroad, 33 thousand workers returned to the body after 13 years. In the case of people's safety, environment, economy, or rule of law, every domestic and foreign survey shows a horrifying picture of everything breaking down.Canadian researcher Naomi Klein showed in her 'No-logo' book, companies spending endless money behind branding and advertising products, as well as a horrific cut-off for workers' wages. The development of Bangladesh is exactly the same. The government's only 'escaped route' is now the government's only 'skype route' to spend huge money in the country due to lack, injustice and horror.The only way to confuse people But people constantly kicked, kicked people know that branding of these blossoming developments is actually a 'goebbleshani' propaganda campaign of continuing to develop 'special' development of some particular group. If development is not good, then it is important to keep 'development' continuously questioned.
Referance:
- Global Compact Index 2017-1018
- Prothom Alo, 30 years of embezzlement in seven years March 28, 2016.
- Global Financial Integrity 2017, Illicit Financial Flow to and from Developing Countries: 2005-2014
- The Financial Express, February 17, 018.
- Bangladesh Economy 2017-18, First Interim Review. CPD6. Daily Ittefaq, State Bank of Bangladesh wanted Tk 20 billion to meet capitalization, February 15, 018.
- Prothom-alo, trafficking 73 thousand crore in one year, May 3, 017.
- Bangladesh Bank, Monthly Data of Remittance 2016-2017
- Merchant Message, Asia's Lowest Wage Bangladesh, July 15, 017.
- 017 Fashion Industry Benchmark Study, United States Fashion Industry Association.11. Bangladesh Occupational Safety, Health and Environment Foundation, 2017
11.Prothom Alo
Maha Mirza: Researcher of International Political Economy