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A Self - Reliant Economy 'Concept and Reality

The term self-reliance stresses trust in one's own thoughts, skills and originality, and belief in one's own capabilities and genius. It also rejects the need for external support and glorifies the importance of self-application.

Self-help development means development by and for the people. Without a horizontal model and process of development with vertical complementation of necessary means, Bangladesh cannot realize the much needed balanced and equitable social development. Dependence of the population on land has increased more than dependence on other economic sectors, due to a higher rate of population growth in the rural than in the urban sector; a lower rate of growth in land reclamation and the addition of new land to agriculture; and a relatively lower rate of increase in agricultural and industrial productivity than in the population growth rate.

In 1971, Bangladesh had 75 million people and its per capital annual income was $100. In 47 years its population has increased to 160.8 million & per capital income $1752 (According to the data recently published by BBS - 2018). Since 1991, its average annual growth rate has been improving at the rate of 5.4%, Using base year 2005-06, the current GDP growth rate is 7.65%. According to the labor Force Survey 2016, there are 6.35 crore people who are active workers. About 40.6% labor force is directly involved in agricultural sector and reaming 20.4% and 39% workers are engaged in industry and service sector respectively. By the efforts of the unvoiced heroes of our garments sector, Bangladesh has becoming more self-reliant in terms of economy. Though there any some trade deficit, Bangladesh's export earnings reached to 27,451.55 million US dollar (July 2017 - March 2018) and imports reached to 38,715 million US dollar. Thus our economy gets free from depending upon developed countries. But the current 168.8 million population of Bangladesh has a much smaller impact compared to the countries such as Canada, UK, USA whose populations consume and waste, per capital more than 10 times the natural resources by Bangladesh people.

In conclusion we can assume that the reality of self-reliant economy like Bangladesh is far away from the concept of it. Conceptually it is possible for being self-reliant but in the age of force market economy and in the age of modern industrialization, it is some what impossible to be 100% self- reliant. Because the cost of factors of production may be differ from country to country, so the cost of producing any goods in country is less profitable than to import it from other countries. For this, it is not important to be self-reliant economy rather it is important to be more industrialized and service based economy.

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Blue economy means extraction of the resources of sea of the growth of an economy. Bangladesh has settled maritime boundary disputes with Myanmar in 2012 and with India in 2014 through an arbitral method. It is estimates that Bangladesh has acquired 118,813 square kilometres of the Bay of Bengal. It is estimated that resources from the sea of Bangladesh constitute 81 per cent of the resources existing in territory. Within the jurisdiction of Bangladesh, the sea is endowed with immense and precious natural resources, living and non-living. Besides fish and other living animals, Bangladesh could also have gas fields as it is reported that Mayanmar has discovered a large gas field on its area of the sea. We need to ecosystems of the seas which are reportedly being degraded at an unprecedented rate, and this is not a issue only for Bangladesh . It should be addressed in cooperation with other countries.
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Translation: English to Bengali Economic affluence and prosperity are likely to reduce the scope and necessity of social protest which is a common phenomenon in many of the developing nations. Though the proposition is not always true and failed to pass the test of time in many countries and many societies, governments in one developing countries nowadays strongly uphold the concept. That's why they have concentrated their focuses, resources and efforts to economic growth to turn their countries affluent and prosperous. The growth-centric or growth-obsessed drive towards prosperity mostly sidelines the distributive aspects which is a major factor of different social protests. Theoretically, social protest is defined as a form of political expression that seeks to bring about a social or political change by influencing the knowledge, attitudes and behaviors of the public or the policies of an organization or institution. These protests generally take the form of overt public displays, demonstrations, civil disobedience and may also include covert activities like petitions, boycotts, lobbying, and even different online activities. In today's world, online activities have become a popular form of social protest, thanks to proliferation of social media and other virtual platforms, Social protest is also considered a strong tool to air the grievances and sometimes compel the government and relevant authorities to address the problems or fix the flaws. In Bangladesh, different kinds of social protests have been observed in last couple of years when economy registered an unrelenting growth Usually social protests mostly ended within a period of time and mostly never linger unless those are serious issues. Those who participate in the protests do not come for any revolutionary change overnight. They mostly want to draw the attention of the policymakers and authorities to rectify the defects within a reasonable time frame.
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Economic affluence and prosperity are likely to reduce the scope and necessity of social protest which is a common phenomenon in many of the developing nations. Though the proposition is not always true and failed to pass the test of time in many countries and many societies, governments in some developing countries nowadays strongly uphold the concept That's why they have concentrated their focuses, resources and efforts to economic growth to turn their countries affluent and prosperous. The growth-centrist or growth-obsessed drive towards prosperity mostly sidelines the distributive aspects which is a major factor of different social protests. Theoretically, social protest is defined as a form of political expression that seeks to bring about a social or political change by influencing the knowledge, attitudes and behaviors of the public or the policies of an organization or institution. These protests generally take the form of overt public displays, demonstrations, civil disobedience and may also include covert activities like petitions, boycotts, lobbying, and even different poline activities. In today's world, online activities have become a popular form of social protest, thanks to proliferation of social media and other virtual platforms Social protest is also considered a strong tool to air the grievances and sometimes compel the government and relevant authorities to address the problems or fix the flaws. In Bangladesh, different kinds of social protests have been observed in last couple of years when economy registered an unrelenting growth Usually social protests mostly ended within a period of time and mostly never linger unless those are serious issues. Those who participate in the protests do not come for any revolutionary change overnight. They mostly want to draw the attention of the policy makers and authorities to rectify the defects within a reasonable time frame. (Translation English to Bengali)
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