Macroeconomic Policy and Institutions For Growth in Bangladesh
2023
| Language: English |
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Bangladesh’s respectable growth performance has made the country an intriguing story of development. The country could have achieved even higher growth had it adopted state-of-the-art macro policy by building stronger institutions. Policy favouritism to the super-rich has kept on producing gradual erosion in fiscal capacity, ever-increasing default loans, incessant money laundering, and debility in the capital market. Growing income inequality, rising unemployment, and environmental degradation pose formidable threats to Bangladesh’s goal of becoming a developed nation by the early 2050s. Macro policy must be constructed with adequate knowledge. Expertise, rather than sheer obedience with mediocrity, should determine institutional leaderships. A quality marriage between modern macro policy and accountable institutions must be ascertained to make the nation’s growth well-sustained, development inclusive.
Birupaksha Paul
Birupaksha Paul is a professor of economics and finance at the State University of New York at Cortland. Paul received his MSS (1987) in economics from Dhaka University and MBA (1999) in finance from the University of Technology Sydney. He earned his PhD (2007) in economics from Binghamton University where he serves as a guest faculty. He received the outstanding research award 2015 at SUNY Cortland. Paul served as the chief economist (2015-2016) at Bangladesh Bank. He is a South-Asian counsellor at Cornell University. He taught at Dhaka University while conducting research as a visiting fellow at BIDS in 2017. Paul writes in national newspapers on the economy and public policy. Paul’s diverse authorship includes economics, debates, travelogues, and humorous
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