The role of the public sector in the economic development of Bangladesh is immense
Utilization of natural resources and there are many unused natural resources in Bangladesh. It is possible to accelerate the economic development of this country through the full use of these natural resources. The public sector can play a leading role in the economic development of the country through the extraction and exploitation of the country's natural resources.
Human resource development and many people in Bangladesh are now deprived of education. In order to accelerate the economic development of this country, it is necessary to educate the uneducated people of this country and involve them in the economic development of the country. Therefore, the public sector in this country can play a significant role in accelerating economic development through human resource development.
Bringing political stability and political stability for the economic development of Bangladesh. Required. If the internal law and order situation is not stable, the economic development of the country is hampered. Therefore, the public sector is able to play an important role in bringing political stability in the interest of economic development of this country.
Education is the backbone of the nation. Economic development can only be imagined without the development of education. There is no alternative to education in economic development. Therefore, the education sector of the government can play an important role in the economic development of Bangladesh.
The public sector plays an important role in the development of transport and transportation systems and in the transportation and transportation system. Government agencies like Bangladesh Road Transport Corporation (BRTC), Bangladesh Railway, Inland Water Transport Corporation, Bangladesh Biman, Bangladesh Telephone and Telegram Baird, Postal Department etc. are making significant contribution to the economic development of Bangladesh.
It is vital to increase technical knowledge and increase economic knowledge for the economic progress of Bangladesh. Because technical knowledge can play an effective role in economic development. This country is very underdeveloped in technical knowledge. Without technical knowledge, it is not possible to adopt advanced techniques in production. So in this case the public sector. The role is undeniable.
It is undeniable that there is a need to increase the investment rate for the economic development of Bangladesh. The public sector can play an important role in increasing this rate. To this end, the government can increase the savings trend in various ways to provide the necessary funds for development. Such as- (a) direct control, (b) increase in rates of conventional taxes, (c) new tax levy, (d) profit from government initiatives, (e) borrowing from government, (f) deficit expenditure system and (g) foreign aid . In Bangladesh, it is not enough just to increase the investment rate, it is necessary to encourage investment.
An important role in the economic development of this country through increasing employment and increasing public sector employment. Can keep Unemployment and underemployment in underdeveloped countries can act as obstacles to economic development. In the interest of economic development, the objective of the public sector should be to eliminate unemployment and create increasing opportunities for employment. For this purpose, government capital is required to create stable social and economic capital. Must be invested. As a result, the opportunities for employment increase and in the long run, the productive efficiency of the country increases.
The public sector can accelerate economic development by ensuring economic stability and ensuring economic stability. Bangladesh's economy is affected by the international trade cycle. Bangladesh's export trade is again dependent on a few major products. When the prices or demand for these exportable goods fall in the international market, the country's trade conditions become unfavorable, foreign exchange earnings decline and national income decreases. The public sector can ensure economic stability by creating favorable conditions for trade, increasing foreign exchange earnings and increasing national income.
The public sector can play an important role in controlling inflation and controlling inflation. If inflation occurs in this country, direct tax at a progressive rate to prevent it and impose commodity tax as a supplement. Goes. Most of the increased monetary income due to inflation can be collected with the help of such taxes. However, the tax system needs to be set in such a way that private investment is not discouraged. The only thing the public sector needs to do is curb inflation. The purpose is not only to maintain some stability in the price level in general.
Ensuring redistribution of national income and the contribution of national income to Bangladesh is now frustrating. In Bangladesh, there is a clear disparity in income, wealth and share. Such inequalities lead to social divisions and political instability and hinder planned development. Therefore, ensuring redistribution of national income is essential to accelerate economic development. To this end, government investment increases production, employment and real income levels, improves the economic conditions of the people and improves their living standards.
Establishment of major and heavy industries and establishment of major and heavy industries is very important for the development of the country. Establishing these industries is as risky as it is expensive. It is not possible to set up these institutions privately. Such as steel and iron industry, production of chemicals, construction of heavy machinery, nuclear power, exploration and production of mineral oil, etc. is not possible without government initiatives.
The end of the centralization of power and the monopoly of private enterprises by exploiting all the people of the society began to inflate into huge profits. The concentration of economic power is in the hands of a handful of individuals, families and groups. The state business was formed to end this private monopoly business and the resulting corruption. As a result, inequality in income and wealth distribution is largely eliminated. The centralization of economic power can be prevented and social welfare. Increases.
Apart from increasing the welfare of the workers and creating opportunities for employment, the state business can pay more attention to the welfare and opportunities of the workers. Because in the opinion of private monopoly business, labor oppression is seen in state business
. As a result of the government getting fair wages and many other benefits, the workers put all their energy into the work. In this way the work of the organization is improved, the country is developed and the welfare of the workers is increased.
Some of them are based on special areas on the basis of balanced development and profit making in private industries. As a result, other areas remain completely neglected. Therefore, balanced economic development of all regions of the country by reducing inequality is not possible without government intervention and control.
State business is conducted according to cost reduction and central planning. As a result, it is possible to coordinate and coordinate the work of each other in different state affairs. In this way, the cost is reduced by taking advantage of mass production.
The supply of essential commodities and the purpose of the modern state is the welfare of the people. Unlike private enterprises, state-owned enterprises are not profitable. Such state-owned enterprises are encouraged to produce cannabis products by supplying essential commodities in the public interest.
In order to control the import and export of any country, it is necessary to nationalize the business. Moreover, all the economic activities of a democratic country are done through the government of that country. Therefore, in the case of international trade, it is also convenient to establish relations in Bangladesh on the basis of state initiative.
Resistance to speculative trading and inconsistent speculative demand and the balance and price stability of Yaegan are transient. This caused great damage to the society. There is no place for speculation in state affairs. So in this case the mentioned difficulties do not arise.
Population control. Bangladesh is a sixth country. The population of this country is very large compared to the size. Overpopulation puts pressure on production. The public sector is playing an active role in controlling the population. Thus, the public sector can play an important role in economic development through population control.
The role of the public sector in the economic development of Bangladesh is immense. Economic development of any country is not possible without a strong and active role of the government. In particular, the proper role of the government can ensure the proper use of internal resources. Therefore, the role of the public sector and the state in the economic progress of Bangladesh is undeniable.