• Tuesday, Sep 21, 2021
  • Last Update : 12:40 am

‘Asian Tiger’ Bangladesh featured in WEF video

  • Published at 01:33 pm April 21st, 2017
‘Asian Tiger’ Bangladesh featured in WEF video
The World Economic Forum (WEF) has featured Bangladesh in its new video as the new “Asian Tiger” for its top economical performances in Asia over the past few decades. The video was shared on Facebook on Wednesday. The video shared on Wednesday states that Bangladesh’s economy has grown at an average of 6%, over the past 10 years, and that the nation is relishing such growth with the support of the textile industry which makes 80% of the country’s export. Besides, Bangladesh has also taken 66% of China’s low-end manufacturing share in Europe. However, the WEF also depicts that Bangladesh needs to develop the environmental and infrastructural investment in order to diversify out of the garment trade. WEF reports, poor infrastructure hinders the transportation of goods across the country. In addition, more than 20% of the population is disconnected to the power grid. Therefore, companies often have to use their own back-up power generators because of the high vulnerability to blackouts. The WEF also considers corruption as a major drawback for the country’s business sector. According to Capital Economics, "more needs to be done on reducing corruption, simplifying customs procedures, making land acquisition easier, improving private sector companies’ access to credit and making the security situation more stable", so that companies can pursue their business without any obstacles. On April 6, the Business Insider UK said that Bangladesh would be a potential candidate for being on the list of Asian Tigers which already includes countries like Hong Kong, Singapore, South Korea and Taiwan – the four countries that experienced rapid growth between the 1960s and 1990s. The Bangladesh government targets to achieve an ambitious growth of 8% by 2020.
Also Read: Bangladesh: The new Asian Tiger
 
50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail