Contribution of Agriculture in the Economy of Bangladesh.
Abstract
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This study is based on secondary data. This text is primarily focused on contribution of agriculture in the economy of Bangladesh. In the way of doing so, a short briefing about the economy of Bangladesh is given and demonstrated Bangladesh agriculture condition at a glance.
The agriculture is shown as the share of GDP, proportion of labor force working in agricultural sector, budget allocation for agriculture, agriculture in net export-import and countered with some fancy questions those pop up in our heads sometimes.
Through this note several charts, graphs and tables are presented. It will help to comprehend those data in an effortless way.
Agriculture is most crucial crux in nearly all economy as well as economy of Bangladesh, so it is so vital to know agricultural economics and its contribution. On this point we can rehearse Theodore Schultz. He began his acceptance speech for the 1979 Nobel Prize in Economics observing: “Most of the people in the world are poor, so if we knew the economics of being poor we would know much of the economics that really matters. Most of the world's poor people earn their living from agriculture, so if we knew the economics of agriculture we would know much of the economics of being poor” (Shultz, 1979).
INTRODUCTION:
Bangladesh emerged from its war of independence desperately poor, overpopulated, and reeling from overwhelming war damage to its institutional and physical capital. It was not until 1978/79 that per capita income had recovered to its pre-independence level. The economy was ravaged by acute food shortages and famines during the early years. According to some authors, Bangladesh was designated as a “test case” for development, and Henry Kissinger called it “an international basket case.”(Faaland and Parkinson, 1976)
More than 30 years later, doubts and doubters have been proven wrong. With sustained growth in food production and a good record of disaster management, famines have become a
.
This study is based on secondary data. This text is primarily focused on contribution of agriculture in the economy of Bangladesh. In the way of doing so, a short briefing about the economy of Bangladesh is given and demonstrated Bangladesh agriculture condition at a glance.
The agriculture is shown as the share of GDP, proportion of labor force working in agricultural sector, budget allocation for agriculture, agriculture in net export-import and countered with some fancy questions those pop up in our heads sometimes.
Through this note several charts, graphs and tables are presented. It will help to comprehend those data in an effortless way.
Agriculture is most crucial crux in nearly all economy as well as economy of Bangladesh, so it is so vital to know agricultural economics and its contribution. On this point we can rehearse Theodore Schultz. He began his acceptance speech for the 1979 Nobel Prize in Economics observing: “Most of the people in the world are poor, so if we knew the economics of being poor we would know much of the economics that really matters. Most of the world's poor people earn their living from agriculture, so if we knew the economics of agriculture we would know much of the economics of being poor” (Shultz, 1979).
INTRODUCTION:
Bangladesh emerged from its war of independence desperately poor, overpopulated, and reeling from overwhelming war damage to its institutional and physical capital. It was not until 1978/79 that per capita income had recovered to its pre-independence level. The economy was ravaged by acute food shortages and famines during the early years. According to some authors, Bangladesh was designated as a “test case” for development, and Henry Kissinger called it “an international basket case.”(Faaland and Parkinson, 1976)
More than 30 years later, doubts and doubters have been proven wrong. With sustained growth in food production and a good record of disaster management, famines have become a