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Per capita annual income rises to $1044 in 2012-13

Like they say, W.PK took all the resources from E.pk, and if that was not happen then BD were like Turkey today.!!!

Then tell me,
Why GDP per capita Pakistan is not Turkey today even after stealing E.PK's money?
Why GDP per capita India is not Turkey today who was not exploited like E.PK?

Simple, neither Pakistan or India are like BD. They are both federal states that cannot be centrally run and hence bringing more economic inefficiency than a unitary state like BD. There are other cultural factors involved as well.

For a very simple example, please let me illustrate you the current start of construction of the 2GW nuclear power plant in BD. No major local protests, the current Government wants it and it gets to do it. In contrast in federal India there would be so much negotiation with local state governments that the idea of a government simultaneously starting the equivalent, say 10 x 2GW nuclear plants, would be next to impossible.


Another example would be federal government in Pakistan not being able to build a massive dam due to protests from Sindh province.

In federal states, there is a certain degree of regionalism that trumps national interests, whereas in unitary Bangladesh this does not apply.

BD has already PROVED that it is economically better run than both Pakistan or India, it is up to you to not believe that the former Pakistan union was a monumental economic disaster for Bangladesh.
 
You can't stop others from being richer or poorer. Based on the points you noted down I think it's better we gradually cut all our dependency from them because we know an interdependent one is not in their view. Suppose for cotton many say we can easily move to Uzbekistan, their cotton is better in quality and also the price is reasonable and they won't play game with us once a trust based business relationship does grow. With india it'll never happen.

Bangladesh is certainly not depending upon India. It imports also from Pakistan and Uzbekistan. If the new agreement materializes import from Uzbekistan will be about 1/4th of the total. See the report below.

**eastwatch**

Bangladesh to increase Uzbekistan cotton imports

BANGLADESH: To increase cotton imports from Uzbekistan
By Poorna Rodrigo | 21 August 2013

Bangladesh is planning to import 200,000 tonnes of cotton annually from Uzbekistan in a new multi-annual deal to be finalised shortly.

Negotiations are underway to set its terms in a Memorandum of Understanding between the two governments, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Atiqul Islam told just-style.

Once signed, there are expected to be many benefits to the Bangladesh industry, which is heavily dependent on imported cotton yarn and fabric.

The country's garment and textile industry uses nearly 4m bales of cotton annually (about 800,000 tonnes at US sizes) and the bulk of its cotton is imported from India, the Russian-dominated Commonwealth of Independent States (CIS) - which includes Uzbekistan - Pakistan, Africa, Brazil and the US, he said.
 
Other than jacking up per capital income by changing base year, how much per captial income has increased?

How much of per capital income lost in inflation? One example would electricity price increase 6 time by Awami League.

What damage Awami League showing dwindling GDP growth in last 5 years?
 
Other than jacking up per capital income by changing base year, how much per captial income has increased?

How much of per capital income lost in inflation? One example would electricity price increase 6 time by Awami League.

What damage Awami League showing dwindling GDP growth in last 5 years?

What is important is now a valid comparison can be made between BD and other countries that also use the 2005 base year.

Awami League are useless but let us not downplay the recent progress in the BD economy due to the hard work of the Bangladeshi people.
 
Other than jacking up per capital income by changing base year, how much per captial income has increased?

How much of per capital income lost in inflation? One example would electricity price increase 6 time by Awami League.

What damage Awami League showing dwindling GDP growth in last 5 years?

Changing base year is not jacking it up to fool people....those who are fooled by this do not have any idea of economics and do not vote on economic issues.We have to change our base year as we move on as we will be making products that were not made during the specific base year....bigger economies do it more often than we do!GDP growth has been low during the last 5 years and there's nothing BAL can do to hide it!
 
What is important is now a valid comparison can be made between BD and other countries that also use the 2005 base year.
.

It seems when someone is talking about artificially jacking up our GDP by using 2005 as the base year, our neighbour Bandhustan has jacked up its GDP by raising the base year to 2012-2013. We should do similar jack ups soon so that our real GDP is tabulated.
 
Other than jacking up per capital income by changing base year, how much per captial income has increased?

How much of per capital income lost in inflation? One example would electricity price increase 6 time by Awami League.

What damage Awami League showing dwindling GDP growth in last 5 years?


Right, just look below that the inflation rate is bigger than the real GDP per capita rate every year from 2008-2012, it means, the people have not got the actual benefit of GDP growth and BAL is only talking about the GDP rate, not inflation rate, of course, it's for political gain. Even you use the 2005 year base, the inflation rate would still be bigger than the real GDP per capita rate, because the inflation is very bigger.

Country name........................................... 2008 ... 2009 ... 2010 ... 2011 ... 2012
Bangladesh real GDP per capita growth (annual %) ... 5.1 ... 4.7 ... 4.9 ... 5.5 ... 5.1
Bangladesh Inflation, consumer prices (annual %) ... 8.9 ... 5.4 ... 8.1 ... 10.7 ... 8.7



Source:


GDP per capita growth (annual %) | Data | Table
Inflation, consumer prices (annual %) | Data | Table


Awami League are useless but let us not downplay the recent progress in the BD economy due to the hard work of the Bangladeshi people.


Real GDP per capita rate is positive, it's fine, but if the inflation rate is bigger than the real GDP per capita rate, than how the hard working people of BD enjoy the positive GDP growth in daily life actually, explain pls.

And it seems that the inflation is much bigger that even 2005 new base would not make GDP per capita rate bigger than the inflation rate.
 
@Skies - People's incomes are going up by more than inflation rate and GDP growth does factor in inflation.

As an example the minimum wage for garment workers increased 80% from 2006 to 2010, which is way more than the rate of inflation.
 
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There was inequality alright but i think they are exaggerated to an extent
and we will never know if we would become a middle income country.Mujib and his thug family being the main reason.i would like to hear @asad71 's view on this

1.Let us first consider Pakistan's economy pre-1971.

a. Currency conversion; 1964 PKR = 18.60 USD (US Dollar). 1964 INR = 31.27 USD (US Dollar). Pakistan's economy was far better than India's before Bhutto duped Ayub into a war that the nation and Kashmiris were not prepared for. (I always suspected the Shah of Iran had a role in this to unseat Sunni Ayub and install Shia Yahya). Pre-65 Pakistan's ,industrial growth, agriculture and overall economy was second only to Japan among Asian nations.The economy nose-dived. Pak/Re became weaker.
b. After a fall Pakistan picked up. Currency conversion: 1970 PKR = 18.66 USD (US Dollar). 1970 INR = 31.37 USD (US Dollar). But again a conspiratorial 1971 War smashed all.

2.In this achievement of Pakistan, E Bengal's jute and tea played the pivotal role. However, E Bengal's economy and growth remained weaker than WP. Price of gold was different in in the two wings. Smuggling of gold from the West to East was a lucrative affair, and Customs / Excise were active in checking this.

3. In the 50's Lahore had double-Decker buses. It had metered cabs. BD had to wait till 80's to see these. At Partition there were only 2/3 Bengalee Muslim ICS officers. Police was better off with the first Muslim IP, Zakir Hussain, being a Bengalee. In the military, few Muslim officers were commissioned in spacial short service course during WW II. Otherwise Khwaja Wasiuddin was the only one. Majid, Osmani and few others were Assamese. There were Bengalee Hindu officers belonging to the upper casts. Air Marshal Mukharjee and Gen Joyonto Chowdhuri are examples. There were more doctors with higher qualification and engineers in the West supplemented by Mohajirs.

4. Although E Bengal produced all the jute, the factories were all located around Calcutta. Industrially E Bengal was practically zero. Before the Kaptai Hydel was commissioned, all power was generated with coal or diesel, and that was catering for the major towns only. Till A K Khan came over from Rangoon, there was no solid industrialist of Bengalee origin.

5. In 1773 Cornwallis enacted the Permanent Settlement Act for Bengal. Preparations for this Act was made by the Company in willfully causing the devastating famine of 1770. Through the mischief of this Act, the Bengalee Muslim was, at a stroke, turned into serfs / slaves of the newly appointed Hindu Zamindars from an affluent / dominant class. It is no wonder therefore that the Bengalee Muslims had agitated most for The Two Nation Theory to deliver them from the clutched of the blood-sucking Hindu zamindars.

6. An understanding of this background is necessary before we address the question asked. There was inequity to start with. It was not created post-Pakistan. Except Ayub none really addressed this issue squarely. But then there was an imperial political failure. After Jinnah till Ayub, the top leadership was incompetent,insincere and lacked vision. The only man among the top politicos with a vision, grasp of things and patriotism was Suhrowardy. Alas, Ayub feared him and did not use this brilliant man. Had he,then BD might have separated peacefully keeping the original concept of Pakistan intact. Riffraff and Frankenstein like Bhutto could not have risen. Agitation would not have overtaken Sheikh Mujib, a believer in The Two Nation Theory till he died.
 
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1.Let us first consider Pakistan's economy pre-1971.

a. Currency conversion; 1964 PKR = 18.60 USD (US Dollar). 1964 INR = 31.27 USD (US Dollar). Pakistan's economy was far better than India's before Bhutto duped Ayub into a war that the nation and Kashmiris were not prepared for. (I always suspected the Shah of Iran had a role in this to unseat Sunni Ayub and install Shia Yahya). Pre-65 Pakistan's ,industrial growth, agriculture and overall economy was second only to Japan among Asian nations.The economy nose-dived. Pak/Re became weaker.
b. After a fall Pakistan picked up. Currency conversion: 1970 PKR = 18.66 USD (US Dollar). 1970 INR = 31.37 USD (US Dollar). But again a conspiratorial 1971 War smashed all.

2.In this achievement of Pakistan, E Bengal's jute and tea played the pivotal role. However, E Bengal's economy and growth remained weaker than WP. Price of gold was different in in the two wings. Smuggling of gold from the West to East was a lucrative affair, and Customs / Excise were active in checking this.

3. In the 50's Lahore had double-Decker buses. It had metered cabs. BD had to wait till 80's to see these. At Partition there were only 2/3 Bengalee Muslim ICS officers. Police was better off with the first Muslim IP, Zakir Hussain, being a Bengalee. In the military, few Muslim officers were commissioned in spacial short service course during WW II. Otherwise Khwaja Wasiuddin was the only one. Majid, Osmani and few others were Assamese. There were Bengalee Hindu officers belonging to the upper casts. Air Marshal Mukharjee and Gen Joyonto Chowdhuri are examples. There were more doctors with higher qualification and engineers in the West supplemented by Mohajirs.

4. Although E Bengal produced all the jute, the factories were all located around Calcutta. Industrially E Bengal was practically zero. Before the Kaptai Hydel was commissioned, all power was generated with coal or diesel, and that was catering for the major towns only. Till A K Khan came over from Rangoon, there was no solid industrialist of Bengalee origin.

5. In 1773 Cornwallis enacted the Permanent Settlement Act for Bengal. Preparations for this Act was made by the Company in willfully causing the devastating famine of 1770. Through the mischief of this Act, the Bengalee Muslim was, at a stroke, turned into serfs / slaves of the newly appointed Hindu Zamindars from an affluent / dominant class. It is no wonder therefore that the Bengalee Muslims had agitated most for The Two Nation Theory to deliver them from the clutched of the blood-sucking Hindu zamindars.

6. An understanding of this background is necessary before we address the question asked. There was inequity to start with. It was not created post-Pakistan. Except Ayub none really addressed this issue squarely. But then there was an imperial political failure. After Jinnah till Ayub, the top leadership was incompetent,insincere and lacked vision. The only man among the top politicos with a vision, grasp of things and patriotism was Suhrowardy. Alas, Ayub feared him and did not use this brilliant man. Had he,then BD might have separated peacefully keeping the original concept of Pakistan intact. Riffraff and Frankenstein like Bhutto could not have risen. Agitation would not have overtaken Sheikh Mujib, a believer in The Two Nation Theory till he died.

In the history of Pakistan the military regime 1st came when Suhrawardi was prime minister, because of his admin's huge corruption army had to intervene and that's still continuing....am I wrong?
 
In the history of Pakistan the military regime 1st came when Suhrawardi was prime minister, because of his admin's huge corruption army had to intervene and that's still continuing....am I wrong?

Huuugeeee corruption in only 2 years???? Come on man.. you are better than that... Sohrawardy was CM of Bengal too and none ever complained of Hugeee corruption, not even Hindus.
 
Huuugeeee corruption in only 2 years???? Come on man.. you are better than that... Sohrawardy was CM of Bengal too and none ever complained of Hugeee corruption, not even Hindus.

Army never puts its nose in if civilian govt. can smoothly run.
 
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