Navigating the Growing Development in Bangladesh – A Creative Professional Perspective
Bangladesh is a rapidly developing country that has experienced a huge economic expansion in recent decades. From its emergence as an impoverished post-colonial country in 1971 to a now-thriving modern state, Bangladesh has come a long way. Despite this progress, health and infrastructure sectors lag behind the rest. This article will provide a professional, creative perspective on the growing development in Bangladesh.
Health: A Sector Neglected As Always in Bangladesh
The health sector in Bangladesh remains a critical concern. Despite the economic growth of the country, public investment in health is still low. A report by UNICEF showed that only 1.6% of the country’s budget is allocated to health. These shortages in public funding have led to a lack of basic resources such as hospitals, diagnostic equipment, and medical personnel. This has resulted in the slow down of health outcomes in the country, with maternal and child mortality rates higher than the global average.
In order to address these health issues, the Bangladeshi government needs to invest more in public health resources. This includes increasing the budget allocation to the health sector, establishing more effective health programs, and improving the primary health care system. This will ensure that the country can meet the World Health Organization’s Global Health goals and deliver better health outcomes for its citizens.
Bangladesh Still Among Top Sourcing Destinations
Despite the health concerns, Bangladesh remains one of the top sourcing destinations across the globe. This position is due in large part to the country’s low-cost labor and its entry into the World Trade Organization in 1995. This has made Bangladesh an attractive destination for multinational companies and global brands. The country is experiencing a surge in the readymade garments industry and has become a major hub in the global textile industry.
The government has also taken measures to encourage more investment in the country by introducing business-friendly policies and offering tax incentives. Additionally, the Bangladeshi government has invested heavily in infrastructure and public services, which have improved the country’s business environment and encouraged more foreign investors to the country.
Bangladesh’s rising economic profile has led to a decline in poverty rates and an increase in employment opportunities. This, combined with the government’s investment in infrastructure and education, has significantly improved the country’s overall standard of living and made it a more attractive destination for global players.
FAQs
What is the health position of Bangladesh?
The health sector in Bangladesh remains a critical concern. Despite the economic growth of the country, public investment in health is still low. A report by UNICEF showed that only 1.6% of the country’s budget is allocated to health, which has resulted in the slow down of health outcomes in the country.
What measures has the government taken to encourage investment in Bangladesh?
The government has taken measures to encourage more investment in the country by introducing business-friendly policies and offering tax incentives. Additionally, the Bangladeshi government has invested heavily in infrastructure and public services, which have improved the country’s business environment and encouraged more foreign investors to the country.
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Physical And Geographical Features Of Bangladesh
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