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Bangladesh becoming a middle income country by 2010 Faruque Hasan One needs not to be over enthusiast to predict that Bangladesh will become a middle income country by the year of 2010. The possibility of Bangladesh to become a middle income country in a couple of years is not a wishful thought, but a future reality. The prediction is based on solid data of economic performances of the country in the recent past. According to the latest national accounts data published by the Bangladesh Bureau of Statistics (BBS), the per capita income in Bangladesh has leaped up to US dollar 599 at the end of the last fiscal year — July 2007 to June 2008 — from its previous fiscal year's US dollar 523. It means in the last fiscal year (FY) per capita income marked a rise by nearly 14 percent compared to the per capita income of its previous FY (2006-07). The rise of per capita income was 12 percent in FY 2006-07. If Bangladesh can keep up the present pace of annual growth rate of per capita income, then at the end of this FY 2008-09 the income will go above US dollar 680; and at the end of the FY 2009-2010, it will be no less than US dollar 770. A country achieves the status of a middle income country when its per capita income crosses the threshold of US dollar 750. Apparently there is no cause why Bangladesh will not be able to maintain its present annual growth rate of per capita income in coming years as well. Rather every sign is there that the growth rate will accelerate further in the near future. In last two fiscal years the per capita income in Bangladesh marked the healthy rise due to high growth of remittance sent by non-resident Bangladeshis (NRBs). Their number at present is more than fifty hundred thousand. Last year the country received remittances amounting to USD 6.56 billion from NRBs working abroad. The remittance sent by the NRBs is an export earning for the country; because that is earned in foreign exchange by exporting manpower. Though Bangladesh is one of the major manpower exporting countries in the world, we could not reap, for a long time, the benefit of the toil of our NRBs on the foreign soils. Until a few years back it was the illegal hundi traders, who used to control the eighty percent of the remittance sent by NRBs to their relatives at home. Fortunately, those days are almost gone; and the country is getting benefited from manpower export by almost eliminating hundi trade in remittance sector. Not only our manpower export has been growing fast keeping pace with the time, our other exports are also showing better performances. According to the Export Promotion Bureau (EPB), exports of the country showed, during the first ten-months period of the last FY, a growth of 14.66 percent compared to the exports during the corresponding period of its previous FY. One of the main pillars of our export earnings is the readymade garments sector (RMG. And the country expects to maintain a 20 percent annual export growth of RMG products up to year of 2013. Bangladesh is now the world's 5th largest producer of textiles and garments. Belying the predictions by the ‘experts’, both international and national, that the garments industry in Bangladesh would be declining fast in the post-MFA period that means after the year of 2004. Contrary to their painstaking research findings, RMG industry in the country is now growing rapidly as the country has become a lucrative place for RMG outsourcing for the European and American buyers. The experts’ opinion sent a wave of fear among the Bangladeshi entrepreneurs and slowed down the growth of RMG industry in the country during the years of 2002-5. Side by side with the RMG industry, the textile industry in Bangladesh is also showing prospect of substantive growth. From the time immemorial till to the mid-nineteenth century Bangladesh and only Bangladesh used to produce the finest cotton fabric, Muslin, which had markets across the world. The Industrial Revolution in Europe as well as the colonial policy destroyed the Muslin industry in Bangladesh. It now seems the good old days are coming back. Textile industry in Bangladesh has been growing fast as a backward linkage to its export-oriented garments industry. Denim and knit fabrics produced in Bangladesh can now meet the demand of its woven and knit industries. Regarding the other fabrics, country’s textile industry can meet eighty two percent demand of our export oriented RMG industry. Not only manpower and RMG industry will remain the mainstay of our exports in the future; our pharmaceutical and shipbuilding industries are ready to contribute big chunks to our export basket. Bangladesh is now in the map of the mainline pharmaceutical industries of the world. Bangladeshi pharmaceutical companies are exporting medicines to the UK, Sri Lanka, Pakistan, Nepal, Philippines, Honk Kong, Bhutan, Jordan, as well as to some African countries. Last year Bangladeshi pharmaceutical companies have made inroads into the lucrative business of contract manufacturing of bulk drugs and formulations for global clients including European major pharmaceutical companies—British, German, and Dutch. There is a possibility that this industry in the country will grow bigger then its garments industry in near future. The most encouraging news for Bangladesh economy is that, in this year Bangladesh has, once again, emerged as a ship exporting country. At present the export oriented shipbuilding industry in the country is growing in quick paces. Bangladesh shipyards are now building ships for Denmark, Germany, Japan, and Mozambique. In a couple of years, export oriented shipbuilding in Bangladesh will turn into a multi-billion dollar industry. The country has got very old long history of shipbuilding. A ship built in Bangladesh took part in the Battle of Trafalgar as a member of the British fleet. Shipyards at Chittagong in nineteenth century built ships for Turkey and Germany. The colonial policy destroyed the shipbuilding industry in Bangladesh; and the shipbuilders in the country have built ships, for the last hundred and fifty years, only to meet the domestic demand. Bangladesh, being a reverine country, has hundreds of shipyards with thousands of skilled, semiskilled shipbuilding workers. Only proper attention from the government policy makers to this budding industry may make Bangladesh one of the leading shipbuilding nations in the world in a short time. The estimates show that the Gross Domestic Product (GDP) of Bangladesh has grown by 6.21 percent in the last fiscal year, which ended on June 30. The country has been able to maintain GDP growth rate above six percent for the last three consecutive years. This growth rate though not amazing, but substantive and encouraging. Bangladesh may achieve a double-digit GDP growth rate only if uninterrupted power supply to the industries can be ensured by the government. It is the force of the people and the private entrepreneurs who will push forward the economy of the country. Inert, sluggish and carefree bureaucracy, below the standard as well as inefficient political leadership, and corruption at different levels may impede, to some extent, but won’t be able to stop Bangladesh to attend the status of a middle income country by the year of 2010. One may wonder what the world media will do when Bangladesh becomes a middle income country in a couple of years. Even today when per capita income in Bangladesh is US dollar 599, the world media never miss an opportunity to utter the phrase ‘the poorest country in the world’ whenever they mention the name of Bangladesh. Attention may be drawn here to the fact that the per capita income in Bangladesh is US dollar 599 when it is calculated by Atlas method; but when it is calculated by Purchasing Power Parity (PPP) method, our per capita income was US dollar 2,200 in the year of 2006 as shown on the fact book of the CIA. Exorbitant oil price, which is predicted to cross US dollar 200 per barrel in near future, will hamper our economic growth. But our ray of hope is our coal deposit. A recent UNDP-Bangladesh report says that the country has the estimated resources of 2.5 billion tonnes of coal which are equivalent to 65 trillion cubic feet of gas. These reserves can assure energy security for the country in the medium and long-term. A tremendous foreign pressure was on us to export gas; we have somehow resisted that pressure. Now the pressure is being exerted on us to export coal. We must also resist this pressure. At least for the time being our coal is not for export; we will need that badly to keep the wheels of our economy moving on in the face of soaring oil price and turbulent international situation. In its Global Economics Paper published on December 1, 2005, Goldman Sachs economic researchers of the USA have predicted that Bangladesh will become the 22nd largest economy in the world by the year of 2025. At present Bangladesh economy stands at 48th among the economies of 179 countries by the volume of its total annual GDP calculated by PPP at US dollar 206,658 million (est. 2007, IMF). We may genuinely hope that Bangladesh may even stand at 15th or 16th on the map of world economy by the end of the first quarter of the twenty first century. 5.7.08 Bangladesh drowning: A reality or a myth? (Published in Daily Star on Wednesday, April 2, 2007 ) Faruque Hasan
Once again Bangladesh has been made the worst example, this time of
the impacts of global warming. It is being said, one-third of
Bangladesh will go under seawater in next 50 years due to the sea
level rise being caused by the climate change. Drowning of
Bangladesh is now a hot topic in the international arena.
Science 2 May 2008:
GLOBAL WARMING:
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Four hundred years of Capital Dhaka (Published in The New Nation on 14.07.08) Faruque Hasan This year, 2008 A.D., is the 400th anniversary of Dhaka as a capital; though Dhaka as a town or an urban settlement is much older than it is as a capital. How old is Dhaka City is very difficult to say. King Srigupta of north Bangladesh laid down the foundation of the illustrious Gupta Empire (320-450 A.D.) of the Indian history. Harisen, the poet-laureate of Emperor Shamudragupta, who was the grandson of Srigupta, mentioned of ‘Dabaka’ in his eulogy for the Emperor, ‘Allahabad Prashasti’ written in the 4th century A.D. Dabaka mentioned in that inscription is today’s Dhaka. King Ballal Sen, the second ruler of the Sena Dynasty (1195-1204 A.D.), built the Dhakeswari temple in Dhaka more than eight hundred years back from today. No trace of that temple can now be seen, but the four Siva temples erected by Raja Man Singh, the commander-in-chief of Emperor Akbar, at the site of that temple, in the wake of 17th century still stand there. Man Singh stayed in Dhaka during the years 1602-04 A.D. while he was fighting against Isa Khan, the leader of the Bara Bhuiyn — the independent petty kings of Bangladesh. The oldest brick structure, which still exists in Dhaka City, is the one-dome Binot Bibi Mosque at Narinda, built in 1457 AD. The second oldest brick structure of the Dhaka city is the Mirpur Majar mosque, also one domed, and built in 1480 AD. There was a big fort in Dhaka before it became the capital of Sube Bangla—a province of Mughal Empire. Mirza Nathan wrote in his book, Baharistan Ghaibi, that Dhaka and Gaur were the biggest forts in pre-Mughal period. Mirza Nathan came to Bangladesh in 1608 A.D. as a commander of Islam Khan, who as the Subadar (governor) of Bengal appointed by Emperor Jahangir. In fact, the word ‘Dhakka’ means a ‘watch station’. Dhaka may have derived its name from its being a place for a watch station. Some people say that this city has got its name from the tree, Dhak (Butea frondosa), which used to grow in plenty at this place. Dhaka is located close to two ancient capitals of Bengal, Vikrampur and Sonargown. So, it was very natural that this place was pivotal to the defense of these two capitals; and as a result, grew up as a cantonment town as well as a business center. Islam Khan became the Subadar of Suba-e-Bangla (the province of Bengal) in 1608 A.D. At that time the capital of the Suba was Rajmahal. On being appointed as the Subadar, Islam Khan decided to transfer the capital from Rajmahal to Dhaka. He renamed Dhaka as Jahangirnagar after the name of Emperor Jahangir, his mentor, and sent two of his officers along with their subordinates to Dhaka two weeks ahead of him “to put the old fort into a good state of repair, and make it fit to receive the Governor”. On his way to Dhaka, his new capital, with his army, Islam Khan got engaged in fighting against Musa Khan, the son of Isa Khan and the then leader of the Bara Bhuiyn, at Ghoragat. The fighting delayed his arrival to Dhaka till the year of 1610 A.D. Musa Khan’s tomb and a mosque built by him now located on the courtyard of Shaidulla Hall. In Dhaka, Islam Khan used to stay in the old fort, which is now the Dhaka Central Jail. Since his time Dhaka started growing bigger in size as a capital. Manrique, who came to Dhaka in 1640 A.D., described it as a “great and famous city”. He mentioned of a Magh raid on Dhaka which had taken place twelve years before he came here. The Arakanese Magh king, Thudhamma, with the help of Portuguese, and on the invitation of Raja Kedar Roy, one of the Bara Bhuiyn, landed in Dhaka without any résistance from the Mughal contingent stationed here. The Magh spent three days sacking the city, setting fire to it at deferent parts. On hearing that a great force of Mughal cavalry was on the way to Dhaka, they left the city on forth day. The Portuguese took away one of the daughters of Kedar Roy, Angelica, who was later traced at St. Helena, a island in the south Atlantic, helping the British conquer the island from the Portuguese. At that time many Bengalis used to work as Khalashi (sailors) in Portuguese ships. Ali was the leader of a group of khalashi. He joined hands with Angelica to help the British. Tavernier visited Dhaka in 1666 A.D. and wrote, “Dhaka is a great town……….The length of this town is about two leagues.” Captain Bowrey, who came to Dhaka about twelve years after Tavernier had come, wrote, “The city of Dhaka is very large and specious one……” Mir Jumla was appointed the Governor of Bengal in 1660 A.D. He conducted a successful campaign against Assam. On his coming back from Assam he brought with him two huge cannons to Dhaka. The cannons were set on the bank of Buriganga River. One of them fell into the river and got lost for ever. The other, called Bibi Marium, transferred to Chalkbazar. Sometime in 1950s it was brought to the traffic island at Gulisthan, and became known as ‘Gulisthaner Caman’. Once very famous, this cannon has got lost in oblivion of the people due to its present inconspicuous location at Osmani Uddyan. Mir Jumla erected the Dhaka Gate, which now stands in good condition near the Doel Chattar. This was a gate on the north to enter the main part of the city at that time. Not much later Dhaka expanded further north beyond that gate, at one stage, up to Tongi. As a capital, Dhaka started flourishing fast in trade and commerce that attracted many foreign traders to it. The city became the main center for Muslin trade. Dutch, French, English, Armenian and Greek traders flocked to Dhaka to do business. They established their own trading houses. With the traders also came Christian missionaries. The Portuguese Jesuit Missionary built the first church in Dhaka at Tejgown in 1677 A.D. Though at that time Tejgown was the suburb of Dhaka City, but afterwards when the city lost its status of a capital and gradually shrank, a thick jungle grew in between the city and Tejgown. In early nineteenth century, William Robinson wrote, “Tejga is a village …. The way to it from Dhaka lies through a dense jungle, once the site of numerous pleasure gardens: the walls of which in many places still remain. This jungle is beautiful in appearance, but it is not passed without danger, it being the habitation of tigers.” Prince Azam, son of Emperor Aurongajeb, started the construction of the Lalbag Fort in 1678 A.D., but before he could complete it he had to leave Sube Bangla. In his second tenure (1678-1680 A.D.) as the Subadar, Shaista Khan continued the construction of the fort. But on the death of his daughter, Pari Bibi, he abandoned the construction; and the fort remained incomplete. Lalbag Fort is going to be recognized soon as a ‘World Heritage’ by UNESCO. Ibrahim Khan became Subadar of Bengal in 1689 A.D. He built the Jinjira Palace on the south bank of Buriganga River. A wooden bridge on the river connected the palace to the north bank. Bishop Heber came to Dhaka in 1824 A.D. to consecrate the Anglican Church on Johnson Road, to the north of Bahadur Shah Park. He described Jinjira Palace as bigger than the Kremlin Palace in Moscow. Prince Azimushshan, grandson of Emperor Aurongajeb, became the Subadar of Bengal in 1697 A.D. The Emperor Appointed Murshid Kuli Khan as the Dewan of the Suba in 1700 A.D. The Subadar used to live in Rajmahal, but the Dewan, in Dhaka. The relation between the Subadar and the Dewan was extremely bad. Azimushshan made a futile attempt by his men in Dhaka to kill Murshid Kuli Khan in 1704 A.D. For the safety of his life, Murshid Kuli Khan immediately shifted his office from Dhaka to Murshidabad. When in 1717 A.D. he was appointed the Subadar, Murshidabad became the capital of Bengal; though Dhaka remained as a seat for a deputy governor. Some famous Mughal buildings in Dhaka are: the tomb of Pari Bibi (1684), Bara Katra (1664), Choto Katra (1663), Husaini Dalan (1642), the Great Idgah (1640), Churihatta Mosque (1649), Satgombuz Mosque (1680), Khan Muhammad Mridha Mosque (1704) etc. Bara Katra and Choto Katra are now on the point of destruction. The mosque of the Great Idgah at Dhanmondi has been defaced in the name of extension. With the losing of the status as a capital at the hands of Murshid Kuli Khan, Dhaka started declining fast. During the time of Shaista Khan (1644-77 and 1680-88 A.D.), Dhaka City extended along the Burriganga River for about 10 (ten) miles. Rennell’s map of Dhaka, published in 1780, showed that the extension of the city shark to only about four miles. The lithographs and sketches of Dhaka City done by Sir Charles D’Oyly, who came to Dhaka in 1808 A.D. as the collector of the East India Company and left the city in 1824 A.D., show how the city lost its glamour and became almost ruined by that time. During Mughal Period two rivers, Dulai and Pandu, with their branches used to flow through the Dhaka City. Dulai River gradually turned into Dholai Khal (canal) and in 1960’s choked up with earth. Lohar pul (Iron Bridge) at Gandaria was on the Dulai River. There was a bridge on the Pandu River, known as Ambar Shah Bridge, which connected Shahbag with Kawran Bazzar. The deep and dry canal in Paribagh, which has very recently been filled up, and the canal in the back of Hotel Sonargown, which is now being excavated, are actually the parts of the course of Pandu River. Pandu River had at least two branches to the south to fall into the Dulai River. One branch flowed east of Suhrawardy Uddyan in south-eastern direction. The trace of the other branch was visible even a few years back between Nazimuddin Road and Dhaka Medical Collage. Chankhar Pol was on this branch. Dulai and Pandu rivers have got obliterated in the hands of imprudent and land grabber human beings. It is now the turn for Burriganga, Turag and Balu rivers to get obliterated by them under the eyes of unconcerned administration. At the partition of Bengal in 1905 A.D., Dhaka was made the capital of the newly formed province of East Bengal and Assam. But the bonanza was short lived. In 1912 A.D. the partition of Bengal was annulled by King Gorge the Fifth at Delhi Darbar, and Kolkata became the capital of united Bengal; at the same time the capital of the British-India Empire transferred from Kolkata to Delhi. Dhaka was compensated, for its being stripped of the status of a capital, with the establishment of Dhaka University in 1921 A.D. The residence building built for the teachers of the university on the Mintoo Road are now being used as the residence of ministers. As the Old Dhaka is the Mughal part of the Dhaka City, Ramna area is the British part of it. Some landmark buildings in Dhaka built during British period are: North brook Hall, Ahsan Manjil, Rup Lal House, Curzon Hall, Old High Court building etc. Curzon Hall, now a part of the Dhaka University, was originally meant for a town hall. The British left Indian subcontinent in 1947 A.D., and Dhaka became the capital of East Bengal — the eastern wing of Pakistan. Later in 1956 A.D. the political name of East Bengal was changed into East Pakistan. With the emergence of Bangladesh as an independent country in 1971 A.D. through the nine-month long liberation war, Dhaka has become the capital of the country. |
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