Economics

Assignment on Bangladesh Economy: The Challenges and Prospects

Assignment on Bangladesh Economy: The Challenges and Prospects

This is an Assignment on Bangladesh Economy. Here briefly focus on the Challenges and Prospects of Bangladesh Economy. Bangladesh is an agricultural country. With some three-fifths of the population engaged in farming. Jute and tea are principal sources of foreign exchange. Major impediments to growth include frequent cyclones and floods, inefficient state-owned enterprises, inadequate port facilities, a rapidly growing labor force that cannot be absorbed by agriculture, delays in exploiting energy resources (natural gas), insufficient power supplies, and slow implementation of economic reforms. Economic reform is stalled in many instances by political infighting and corruption at all levels of government.