The Economy of Bangladesh: Making Wonderful Strides Ahead
Md. Shafiul Alam,
Md. Zakir Hossain
Issue:
Volume 2, Issue 3, June 2014
Pages:
29-36
Received:
9 June 2014
Accepted:
27 June 2014
Published:
30 June 2014
Abstract: Bangladesh is a small country of South East-Asia. The country achieved independence in 1971 through a bloody war of nine months and started her painful journey there from. Like many other things, the economy of Bangladesh was destroyed due to the liberation war. Geographically the country is considered a natural disaster prone country. Natural disasters like floods, cyclones, tidal-bores, draught etc. very frequently visit this small country and transfix its economy very ruthlessly. Overpopulation, disease, famine, illiteracy, poverty, unemployment, political unrest and instability etc. are the salient features of the country. It is only a decade or so that its economy assumed diverged dimension from solely an agro- based economy. Foreign grants and aids were also inseparable factors of the economy. But those days are no more. Its economic situation has quite reversed for the better and its features and prospects are worth praising. It has already started making outstanding strides and marching forward on the path of a sustainable development and advancement. All the indices regarding economy show positive signs of development. Taking recent Bangladesh economy into account, some eminent Economists and international organizations have opined that the country is going to be included among the next eleven rapid growing economies after BRICS. The researchers have tried to explain the nature and behavior of various variables related to the development of the economy from the periods of 1989-90 to 2011-12. The relevant data and statistics show that the behavior of the variables is very interesting. The researchers have also noticed some major problems. If the government and authorities concerned make proper endeavor to solve these problems, it is strongly hoped that the country will emerge as a middle income group country by 2022.
Abstract: Bangladesh is a small country of South East-Asia. The country achieved independence in 1971 through a bloody war of nine months and started her painful journey there from. Like many other things, the economy of Bangladesh was destroyed due to the liberation war. Geographically the country is considered a natural disaster prone country. Natural disa...
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Corporate Governance Practices in Private Commercial Banks-A Study on Khulna City
Shanta Kar,
Mithun sarker
Issue:
Volume 2, Issue 3, June 2014
Pages:
37-48
Received:
24 June 2014
Accepted:
14 July 2014
Published:
30 July 2014
Abstract: Corporate governance (CG) is an important effort to ensure accountability and responsibility and is a set of principles, which should be incorporated into every part of the organization. Financial institutions like banks have a significant role to play in the economy of any country. Banking sector should follow the Corporate Governance codes for Bangladesh. So, this paper has tried to evaluate the present scenario of Corporate Governance practices by the private banks in Bangladesh. The study has been conducted to attain some objectives. The primary objective of the study is to evaluate the practices of Corporate Governance codes by the Private Commercial Banks of Bangladesh. In order to do the study, the major issues were focused like rights and disclosure of information, disclosure and transparency, board issues, disclosure and transparency, financial reporting and HRM practices.7 hypotheses have been developed in order to identify whether the private banks are complying corporate governance issues or not. And making the study convenient an assumption was made using subjective probability technique that 70% or more of private banks of Bangladesh are maintaining 90% or more CG codes for Bangladesh (Alam, K, 2011). Only 50% of the major issues like disclosure and transparency, financial reporting and audit practice have met the assumption. Of which 100% of the CG codes regarding financial reporting are practiced by the 70% or more private banks and it was 83.33% for audit practice. In contrast the major issues of CG codes namely shareholders’ rights and disclosure of information, board issues and HRM issues are not properly exercised by the private banks. It follows that rights of shareholders are despoiled by the private banks the reason why only 60% of the issues have been met by 70% or more private banks. Likewise the board and HRM issues have also failed to meet the assumption. In these two cases the conformance percentages were 60% and 50% correspondingly. Consequently the study recommends some approaches that are well thought out for the practice of corporate governance codes by the private commercial banks of Bangladesh.
Abstract: Corporate governance (CG) is an important effort to ensure accountability and responsibility and is a set of principles, which should be incorporated into every part of the organization. Financial institutions like banks have a significant role to play in the economy of any country. Banking sector should follow the Corporate Governance codes for Ba...
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