The International Chamber of Commerce, Bangladesh (ICC,B) has urged the policymakers to take the lead in bringing both public and private sector leadership together nothing that Bangladesh economy is under threat due to COVID-19.
Tag: economy
Swift action can help limit economic harm of coronavirus
Ceyla Pazarbasioglu The novel coronavirus (COVID-19) outbreak has already exacted a high cost in human life and has been recognized for what it is—a global health emergency. As the virus spreads around the globe, the question now is whether lives…
Whose is the European Green Deal?
Albena Azmanova The challenges of social and environmental injustice are as intense as ever. But which social forces can act as the agents of change?
The economic effects of a pandemic
Simon Wren-Lewis The human effects of the coronavirus are paramount. But what will be its impact on a medium-sized economy such as that of the UK?
The trade unions organising migrant workers across Europe
by Bethany Staunton on 5th March 2020 @StauntonBethany Migrant workers are by nature more diverse than the indigenous workers among whom they find themselves. Organising strategies need to be diverse too.
Coronavirus exposes global economic vulnerability
By Anis Chowdhury and Jomo Kwame Sundaram SYDNEY and KUALA LUMPUR, Mar 4 2020 (IPS) – As the outbreak of the novel coronavirus COVID-19 threatens a global pandemic, major stock markets around the world have suffered their worst performance since…
Hard truths about the eurozone crisis
There has been little honest reflection within the European Commission about the eurozone crisis. Until now.
Asia shares bounce back as BOJ promises support for economy
Share prices in Asia bounced back Monday from last week’s retreat, with mainland Chinese indexes gaining more than 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak.
BD takes up Perspective Plan to implement Vision 2041
The National Economic Council (NEC) on Tuesday approved the country’s 2nd Perspective Plan 2021-2041, aiming to make Bangladesh a higher-income and developed country by 2041.
Private debt both cause and consequence of rights violations
Geneva, 21 Feb (Kanaga Raja) — High individual and household debt, which accounts for a significant portion of private debt in most countries, has been associated with inequality, macroeconomic instability, unsustainable sovereign debt and financial crises.
Financialization increases inequality
Kuala Lumpur/Penang, Feb (IPS/Jomo Kwame Sundaram and Michael Lim Mah Hui) — Financialization has worsened inequality through various channels, including macroeconomic policies. For example, quantitative easing and low, if not negative interest rates have fuelled credit and asset price bubbles,…
UK banks passed nearly 1mn mortgages in 2019, 7.4% over ‘18
Data gathered by Learnbonds.com indicates the United Kingdom’s high street banks approved 982,286 mortgages in 2019. This is an increase of 7.4% from 2018’s 909,597.
Fridays for Keynesianism
Peter Bofinger Keynes recognised the key role of the financial system in modern capitalist economies and Peter Bofinger argues the 2008 crisis must bring the demise of neoclassical economics—which still doesn’t.
‘Catch’ tax-dodging foreign workers: ACC chief
Anti-Corruption Commission (ACC) Chairman Iqbal Mahmood on Sunday asked the officials of the National Board of Revenue (NBR) to ‘catch’ the identified tax-dodging foreign nationals working in Bangladesh.
20th century’s richest 5 worth 3 times current top 5 richest
Data gathered and calculated by Learnbonds.com indicates that the top five richest people of the 20th currently have a combined net worth of $1.62 trillion. With inflation adjustments, the data shows that this group had a cumulative net worth of…
All senior BD citizens to get old-age allowance by 2025
The government has a plan to bring the country’s all senior citizens under old-age allowance in phases by 2025, Social Welfare Minister Nuruzzaman Ahmed told Parliament on Tuesday.
Top 10 rich people worth more than 85 poorest countries GDP
Data gathered and calculated by Learnbonds.com indicates that the world’s top ten richest people have a combined wealth more than the bottom 85 poorest countries based on GDP. According to the data, the top ten richest people have cumulative wealth…
As China sneezes, global economy gets the chills
Taiwan, Singapore, Thailand, Hong Kong hit hardest, bottlenecks in low-value parts threaten downstream units By Umesh Desai The coronavirus outbreak in China, which started in the city of Wuhan, has had analysts scrambling to lower growth forecasts across the board,…
WEF: Towards sustainability with neoliberal recipes?
The World Economic Forum has recognised intellectually that Scandinavian social models offer an alternative to rising inequality. It just can’t accept this ideologically.
Fears and hopes around future minimum wages
by Christine Aumayr-Pintar on 30th January 2020 @ChristineAumayr The proposal by the European Commission to legislate on fair EU minimum wages has excited contrasting attitudes among trade unions in member states.
Global inequality continues to grow: UNDESA report
By Samira Sadeque UN, Jan 23 2020 (IPS) – More than 70 percent of the global population is currently living in parts of the world where income inequality has grown, according to a World Social Report 2020 launched by United…
UN Report: Rising inequality affects more than 70% of Globe
NEW YORK, Jan 21 2020 (IPS) – Inequality is growing for more than 70 per cent of the global population, exacerbating the risks of divisions and hampering economic and social development. But the rise is far from inevitable and can…
Beyond ‘green growth’
by Frank Hoffer on 22nd January 2020 A serious discussion of ‘just transition’ must break with a social model based on individual utility maximisation—before it breaks the biosphere.
Belt and Road Initiative: The Bridge that Spans the World
By Peter Koenig The Belt and Road Initiative (BRI), also called the New Silk Road, is based on a 2,100-year-old trade route between the Middle East and Eastern Asia, called the Silk Road. It wound its ways across the huge…
Population: Pro-Growth Demographic Dogma
By Joseph Chamie NEW YORK, Jan 20 2020 (IPS) – Whenever the issue of population comes up, pro-growth demographic dogma invariably dominates. Governments, political parties, businesses, the media and many others typically praise population growth and lament population slowdown, stabilization…
Billionaires beware
By Anis Chowdhury and Jomo Kwame Sundaram Sydney and Kualalumpur, Jan 7 2020 (IPS) – The latest November 2019 UBS/PwC Billionaires Report counted 2,101 billionaires globally, or 589 more than five years before. Earlier, Farhad Manjoo had seriously recommended, ‘Abolish…
Bangladesh economy to outshine Malaysia, Singapore, Hong Kong
Bangladesh’s economy will surpass that of Malaysia, Hong Kong and Singapore with its presence as the 30th largest economy in the world by 2024, says a global report released by the Centre for Economics and Business Research (CEBR).
Stock market reforms to fail if rumours rule the roost: Minister
Dhaka, Dec 03 – Mentioning that any move to shore up the country’s capital market cannot succeed in the face of rumormongering, Finance minister AHM Mustafa Kamal on Thursday said the government will take all necessary policies to strengthen the…
German SMEs downbeat about economic situation next year
Small- and medium-sized enterprises (SMEs) in Germany are “extremely pessimistic” about the country’s overall economic situation in 2020, showed a survey published by the German Association for Small and Medium-sized Businesses (BVMW) on Monday.
The ranks of the working poor
by Justine Doody on 19th December 2019 Despite rising employment in many western economies, poverty is not declining. What’s wrong with labour-market policies?