Quote from: Aanuoluwatofunmi on October 20, 2023, 03:05:46 PM

In addition to what has been said, Bangladesh is a low population country in which i expect the leaders to take a very good advantage of this to help the people realized every potentials they could emancipate through the help of their leaders, the government are not trying alot in this regard, the country is too dependent on foreign countries for it sustainability of its economy, this is totally wrong, they have to wake up to begin with something that their people will also have to depend on.

What do you expect from a country that is vulnerable to natural disasters? Bangladesh has made significant progress in reducing poverty and improving living standards but still relies heavily on foreign aid and investment to support its economy. There are several reasons for this. Based on world bank's classification system, Bangladesh is regarded as a low income country based on their per capital income. So, it definitely needs external financial support in order to meet up with its developmental needs. Secondly, Bangladesh is a well known for its garment industry which accounts for a large portion of the country's exports. In fact, ready made garments account for about 80% of the country's total exports. Bangladesh is the second largest exporter of garments in the world after China and this made the export sector to heavily depend on foreign markets, particularly the United States and Europe.

The population is not enough to consume what they're producing. It's not a bad idea but it has negative consequences, however no country is surviving alone. They depends on one another in one way or the other.