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Becoming a developed country by 2041.

And hence coming to the point that household income percentage spending on food correlates with the denominator (income) and thus development to a high degree.

You can only increase total food consumption so much with higher income (even accounting for pricier quality etc)...given most people migrate more spending on other things (housing, transport etc).

BD having 50% of its household consumption on food, a much larger percentage than India and Pakistan, shows a fundamental figure about its base household consumption (the denominator).....while the quality of the food consumption details the numerator quality.

Both need to be improved to large degrees before people from BD can laugh about road, steel and electricity consumption in the rest of the region as being "bourgeoisie" or whatever....especially when they themselves are using the internet and all the support structures it requires in posting those very emojis and one liners.

After all tell me one country with more than 10 million people that has effectively industrialised without increasing its steel, cement and electricity consumption? BD being a very one-trick pony that has put all its chips in the RMG sector is actually going to be a pretty nasty structural problem if its not remedied ASAP. Boasting about "industrial" growth (because of low base phenomenon) and equally wailing about PPP being "grossly under-reported" in other threads while ignoring or dismissing the fundamental reason behind this (low household % spending on non-food on an already low household income) tells all one needs to really know about the majority of discussions on this forum (quite unfortunately).



Sure they will be eating rice whatever their income (cultural connection, heritage, developed preference etc)....but getting 80% of their energy from rice intake? @Doyalbaba and others say they are elites (like the top 1% or whatever)....why don't you ask them if they get this much of their daily energy from eating rice?

All I am saying is that diet diversity will generally migrate to the better as incomes improve. I know plenty of ukrainian and polish people out here who tell me the basic diet of their previous generations back home (esp during lean seasons) were potatoes and whatever else they could scrap together. Obviously these areas have developed since and people still eat lots of potatoes, but it doesnt make 80% of their daily energy. @Mohammed Khaled can verify.

Cultural affinity to whatever your native homeland starch is, is not enough to maintain 80% energy intake of it with higher incomes and more choices at easier reach.



Im not comparing just "economic growth" here, its something deeper than that. Its development. To improve its overall PPP consumption drastically, whatever factors are holding BD diet quality/supply at the poor level it is at especially given it uses up 50%+ of average BD household income needs to change and change fast....so that the 50% ratio can come down...so that those % increments can go to consuming non-food and spur demand (and thus supply) for those goods which have further quality of life improvements and multiplier effects. Its a cascading effect.

Or you can dismiss it all as a "cultural" thing and scratch your head why BD per person consumes a lot less overall than Indians and Pakistanis....and basically everyone else in the region except maybe the Nepalese.
Most of ukraine is still rural. There is industrial base which are basically unused. Ukrainian cuisine consist of potatoes cabbages and other cheaper vegetables. But now people also incorporate cruising from other cultures like shawarma etc.
 
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The biggest achievement of Bangladesh is that it showed the world that GDP per Capita is not the only thing that matters for socioeconomic development. Till 1999-2000 BD used to be worse than India in life expectancy and IMR. it has turned around and in such parameters, it is currently ahead of world averages and India.
 
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Thanks.
But now BD is focusing on GDP numbers too.
The biggest achievement of Bangladesh is that it showed the world that GDP per Capita is not the only thing that matters for socioeconomic development. Till 1999-2000 BD used to be worse than India in life expectancy and IMR. it has turned around and in such parameters, it is currently ahead of world averages and India.
 
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Not developed but better place in south Asia.
 
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@Nilgiri how reliable are these data? I've found a couple of article(non Bangladeshi) says a bit different. Not that different tho.
Also the data you have shows BD's PPP at 543Bn, while now it is around 700Bn. I'll share the articles later. Posting from my phone. Laptop is giving me some trouble.

Bulk of the data is from FAO.

Till 1999-2000 BD used to be worse than India in life expectancy and IMR. it has turned around and in such parameters, it is currently ahead of world averages and India.

Praise be to BBS.
 
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Bulk of the data is from FAO.
Finally getting back to your post
Nigeria spends over half of household income on food, and there are nine other countries that spend over 40% on food.

Four of them are in Africa: Nigeria 56.4%; Kenya 46.7%; Cameroon 45.6%; and Algeria 42.5%. Four are in Asia: Kazakhstan 43.0%; Philippines 41.9%; Pakistan 40.9%; and Azerbaijan 40.1%. Guatemala is the only South American country to appear in the list and spends 40.6% of its household income on food.
https://www.weforum.org/agenda/2016/12/this-map-shows-how-much-each-country-spends-on-food/

Finding actual data seems to be hard in that matter.
 
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Bangladesh and plenty other countries were not part of that study. You can seem them greyed out on the map.
Yeah...but my point was the numbers don't match what you claim. Also in my opinion Philippine is a very fast growing economy. And yet you can see they spend a lot in food as well. Besides Nigeria is the biggest economy in Africa and they top the list. Perhaps it is not the thing one should look at discussing economic growth. Philippine and Azerbaijan has a much higher ppp per capita than many countries. Yet they spend more than 40% on food.
 
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Also in my opinion Philippine is a very fast growing economy. And yet you can see they spend a lot in food as well. Besides Nigeria is the biggest economy in Africa and they top the list.

Both have massive income disparity in their population. Their numbers are roughly the same in the food security index.

Nigeria especially does not rank well in the food security index (around the same as Bangladesh). Both have roughly the same consumption % too.

Perhaps it is not the thing one should look at discussing economic growth.

Never claimed it to be the "one thing"...just one of many things (and in the top 10 somewhere) and certainly a better indicator by R^2 correlation than debt-gdp ratio.

Philippine and Azerbaijan has a much higher ppp per capita than many countries. Yet they spend more than 40% on food.

If you plot every country's food consumption/household income % versus their PPP, there will be an overall clear trend....definitely higher than the trends of other metrics you have listed. Cherry picking a couple relative outliers (because of other factors such as income disparity) doesn't disprove the correlation. I bet you BD will be much closer to the best fit line than these two.
 
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Developed by 2041 ? This is just a vision bro . not reality . If Govt . policy is okay for being developed Bd has no need to wait for 2041. it will possible within 10 to 13 years.
 
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lol happiness index is the biggest joke of this decade. How do they even measure something like that. What next? Love index, anger index, excitement index?
For me the things matter for economy are in order:
1. GDP(nominal)
2. GDP to debt ratio
3. GDP(PPP)
4. GDP growth rate
5. Exports
6. Forex reserves

This things have direct impact to the economy. Btw I don't think I or anyone else have said that BD will overtake Pak's PPP.
Does not matter how big the balls are but they will always remain below the dick :pakistan:
 
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These tens of billions will propel BD growth
to 8-9% a year in the 2020s.

Honestly, Pakistan is not even a valid comparison
to the fast growing BD economy.
Dick is nothing without the balls
Balls are nothing without the dick.They could be like the headless chicken :cheesy:
_85456544_mike_headless_getty976.jpg
 
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Similarly, we hear from our Prime Minister and many leaders that Bangladesh will be a developed country by 2041. Only 24 years are left and we need to make per capita income more than USD 12,000, which is an eightfold increase from the current level of around USD 1,500.
Do the BD politicians know the meaning of developed country status while it is still remains an LDC since 1947 while other two cousins have promoted long ago to the developing status? Stupid PM and her propaganda colleagues in the PDF, note that the country cannot even fix the water logging, waiting for someone in the sky to do the job. All other things are similarly unworkable.

Go to a market, it is just filthy with smell and full of garbage, but here people are talking about a developed status by 2041. Yes, why to eat salted rice in a dream and why not eating Biriyani? Instead of Biriyani by 2041, how about plan ahead with a target date of 3041 CE and year 1000 AD of Hasina to become a developed country? Even this, I do not believe is possible for the BD people. People should stop talking Bakwas.
@UKBengali, @Homo Sapiens, @Nilgiri
 
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Is that how you pass time? Calling 2 people with opposite view and one to assist so that you can argue?

Do the BD politicians know the meaning of developed country status while it is still remains an LDC since 1947 while other two cousins have promoted long ago to the developing status?
For the rest of post, your argue about garbage and water logging, yet you are saying two cousin already having promoted is more important. BD does better than one cousin (PK) in HDI, literacy and better than both in infant mortality, fertility rate, homicide rate, life expectancy, women empowerment (big league ahead) and so on. Even in economic terms, BD has more Forex reserve, higher export, less than one 3rd trade deficit than Pakistan. We also have higher nominal per capita GDP and will be crossing PPP per capita by 2020.

Addressing the crux of this thread though, I believe Bangladesh would meet the current requirement. However, by then, I don't think the threshold would stay $12,500 for developed status. US, Netherlands and other highly advanced economies would have $75,000-85,000+ GDP per capita by then. Not your Japan though, They have had stagnant economy since 1990's. They had $43,000 per capita in the '95 while US only $28,000 per capita. Now not only Japan has not increased, it decreased to $39,000. With inflation of dollar, their per capita decreased much much less. And now US has over $60,000 per capita, far ahead of Japan. :(

Anyway, while not developed status, BD would certainly do well if the current progress holds on.
 
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