Bangladesh*
– Dr. Atiur Rahman and Mohammed Abu Eusuf1
B
angladesh 2 is one of the most densely populated countries in the world. The poor Bangladeshi economy, with a low per capita income and a large population, reveals some clue to the abject humanitarian situation in the country.
PROFILE
Population:
GDP (Current US$): 51.9 billion***
Per Capita Income:
(Current US$)
Recently, Bangladesh has introduced a freely floating exchange rate system. Since the abandonment of the
Singapore issues in the Cancun meeting of the WTO,
Bangladesh had all but given up its initiative of pursuing a competition policy and law. Yet, there is no denial of the fact that both producers and consumers feel strongly that there should be a competitive business environment for their mutual welfare. So, the need for a competition policy is an internal imperative in Bangladesh, irrespective of the outcomes of negotiations at the WTO.
144 thousand sq. km
Life Expectancy:
61 years**
Literacy (%):
41.1 (of ages 15 and above)**
HDI Rank:
138
Sources:
- World Development Indicators Database, World Bank, 2004
- Human Development Report Statistics, UNDP, 2004
(**) For the year 2002
(***) For the year 2003
Bordering Myanmar and India, the country is situated in deltas of large rivers flowing from the Himalayas, into the
Bay of Bengal. It is divided into six administrative regions, with the capital being Dhaka.
Now, the country has come a long way in terms of trade and exchange rate liberalisation, through the simplification of its import procedures; the significant decline of quantitative restrictions; the noteworthy flexibility of trade in many restricted items; and the considerable rationalisation and reduction of import tariffs.
400 (Atlas method)***
1,700 (at PPP.)**
Surface Area:
Bangladesh became independent in 1971, when it seceded from its union with West Pakistan. Earlier, the whole of
Pakistan was a part