Bangladesh’s GDP per capita projected $12,500 by 2041

[bluesky]

78 Billion US Dollar per 341 Billion US Dollar for Bangladesh GDP is too small for early industrial country like Bangladesh, in Indonesia people already crying for deindustrialization when industry growth only for 12 percent and push government to give more incentive for industries and manufacturing company.

Industries in any developing country requires nurturing by the govt. In the case of Japan, it took up too many public works projects since after 1868 Meiji Restoration to support basic industries like cement and steel.

For example. the banks of all its small rivers and water channels are protected by steel sheet piling with RC beams at the top. It is virtually many thousand kms of sheet piling. This is how the GoJ supported and nurtured steel, cement and other related sectors like transport as well as providing works to Japanese construction companies who employ millions of people.

 

[Indos]

Double digit growth in industrial production was common for Indonesia during 70s to 90s. Indonesia was dubbed as Asian Tiger Cub because of that very reason. In early 2000, Indonesia's industrial growth were almost hitting 40% for several years. In Asia, its industry output is just behind China, Japan, India and SoKor.

Our industrialization get negative impact from the rise of China manufacturing since 2000 (the moment China start rising). Do you have any idea on how we can get back to our previous industrialization growth ?

 

[TopCat]

When Manufacturing contributes $414 billion in Indonesia, BD's contribution is only a mere $78 billion. Yet, @TopCat thinks BD is just behind Indonesia. BD is hundred years behind Indonesia and I think the gulf will increase year after year. BD's manufacturing centers on textile, while Indonesia has diversified.

I do not think BD can be compared with Indonesia or even Vietnam. Vietnam is also diversifying while BD's only action is to build a few fancy physical projects with borrowed money and declare itself a developed country by 2041.

Manufacturing is a sub sector of Indudstrial sector. Indonesia has a huge mining sector which is also part of their industrial sector. Currently BD's industrial growth mainly come from factories. I am not really interested in comparing ourselves with another country which is almost as bad as us. It makes the members from that country frustrated. So pls leave it.

Our industrialization get negative impact from the rise of China manufacturing since 2000 (the moment China start rising). Do you have any idea on how we can get back to our previous industrialization growth ?

Not due to rise of China but due to the 1997 fall out. You guys never could actually recover from that as far as I think

 

[Tom-tom]

Manufacturing is a sub sector of Indudstrial sector. Indonesia has a huge mining sector which is also part of their industrial sector. Currently BD's industrial growth mainly come from factories. I am not really interested in comparing ourselves with another country which is almost as bad as us. It makes the members from that country frustrated. So pls leave it.


Not due to rise of China but due to the 1997 fall out. You guys never could actually recover from that as far as I think

What happened for Indonesia in 1997?

 

[TopCat]

Industries in any developing country requires nurturing by the govt. In the case of Japan, it took up too many public works projects since after 1868 Meiji Restoration to support basic industries like cement and steel.

For example. the banks of all its small rivers and water channels are protected by steel sheet piling with RC beams at the top. It is virtually many thousand kms of sheet piling. This is how the GoJ supported and nurtured steel, cement and other related sectors like transport as well as providing works to Japanese construction companies who employ millions of people.

But you dont want project like rail, bridge, roads that govt is trying to accelerate yet giving example of Japan and how they supported industry by building infra. This is basic economics, at the beginning govt needs to spend a lot of money to support rising industry. China, Korea also did the same. Korean govt bought almost all corrugated steel sheet from the factory and distributed them to the poor house owners to upgrade their home in 70' and 80's

What happened for Indonesia in 1997?

https://en.wikipedia.org/wiki/1997_Asian_financial_crisis

 

[Pirupiru]

Not due to rise of China but due to the 1997 fall out. You guys never could actually recover from that as far as I think

Wrong again. In fact, Indonesia's comeback is the strongest among Asian countries' hardest hit by Asian Crisis 1997

South Korea's GDP in 1998 : USD 374.2 Billion
Thailand's GDP in 1998 : USD 113.7 Billion
Indonesia's GDP in 1998 : USD 95.45 Billion
Malaysia's GDP in 1998 : USD 72.17 Billion

South Korea's GDP in 2019 : USD 1.630 Trillion (4.3x larger than 1998)
Indonesia's GDP in 2019 : USD 1.112 Trillion (11.6x larger than 1998)
Thailand's GDP in 2019 : USD 529.1 Billion (4.6x larger than 1998)
Malaysia's GDP in 2019 : USD 365.3 Billion (5x larger than 1998)

Compared to Bangladesh which was not affected by the crisis

Bangladesh' GDP in 1998 : USD 49.98 Billion
Bangladesh' GDP in 2019 : USD 302.5 Billion (6x larger than 1998)

You should rely on statictics instead of your gut feeling before you talk about any country.

https://data.worldbank.org/indicator/NY.GDP.MKTP.CD

 

[TopCat]

Wrong again. In fact, Indonesia's comeback is the strongest among Asian countries' hardest hit by Asian Crisis 1997

South Korea's GDP in 1998 : USD 374.2 Billion
Thailand's GDP in 1998 : USD 113.7 Billion
Indonesia's GDP in 1998 : USD 95.45 Billion
Malaysia's GDP in 1998 : USD 72.17 Billion

South Korea's GDP in 2019 : USD 1.630 Trillion (4.3x larger than 1998)
Indonesia's GDP in 2019 : USD 1.112 Trillion (11.6x larger than 1998)
Thailand's GDP in 2019 : USD 529.1 Billion (4.6x larger than 1998)
Malaysia's GDP in 2019 : USD 365.3 Billion (5x larger than 1998)

Compared to Bangladesh which was not affected by the crisis

Bangladesh' GDP in 1998 : USD 49.98 Billion
Bangladesh' GDP in 2019 : USD 302.5 Billion (6x larger than 1998)

You should rely on statictics instead of your gut feeling before you talk about any country.

https://data.worldbank.org/indicator/NY.GDP.MKTP.CD

Pre 1997 entire ASEAN was star performer and were expecting to be developed nation by 2020 same as China. You guys failed there.
BD was actually making sure it can reach SDG by 2015 set by United Nations and was very poor. BD barely met it and now reaches the stage of what you were in pre 1997 momentum.

 

[Pirupiru]

Pre 1997 entire ASEAN was star performer and was expecting to be developed nation by 2020 same as China. You guys failed there.
BD was actually making sure it can reach SDG by 2015 set by United Nations and was very poor. BD barely met it and now reaches the stage of what you were in pre 1997 momentum.

Pre 1997, I believe no one in their right minds would expect Indonesia to be a developed country by 2020. You must have mistaken Malaysia for Indonesia. Vision 2020 was a program established in 1991 dedicated to Malaysia's aspiration (not Indonesia's) to be a fully developed country by the year 2020.

 

[bluesky]

Manufacturing is a sub sector of Indudstrial sector. Indonesia has a huge mining sector which is also part of their industrial sector. Currently BD's industrial growth mainly come from factories. I am not really interested in comparing ourselves with another country which is almost as bad as us. It makes the members from that country frustrated. So pls leave it.

Why so many excuses in so many of your posts? I ask, does Japan have many mines? How about Korea, Singapore or European countries? All are devoid of natural resources. The thing is, some nations have brilliant people who know how to progress and some others cannot because they are run by idiot leaders with peasant background who love to put the cart before the horse.

Even a big China is seeking mining rights in the far away African countries although it has quite a number natural resources. And, India with quite a volume of natural resources cannot develop like countries without resources. Think of Russia, it is full of natural resources but cannot develop like western Europe. However, when Russia survives without foreign funds, BD survives on foreign alms.

Bangladesh is one such country with a govt that cannot organize its people and is unable to mobilize them for the betterment of the country's future. It is borrowing now to destroy the country's future. Live a long life to see the results of borrowing. Pakistan is helped by countries like Saudi Arabia and others. Who will bail out this Golden Bangladesh?