Economic Analyses of Contemporary Issues in Bangladesh editors: Akhtar Hossain, Farida Khan and Tanweer Akram ISBN 984 05 1758 9 2006 332pp 215x136mm HB Tk.550.00 US$27.00
Economic Analyses of Contemporary Issues in Bangladesh is a collection of studies by economists and other social scientists, working mostly on economic and social policies and issues in Bangladesh. This compilation of analytically well-grounded studies by established researchers covers a variety of topics such as economic growth patterns, regional convergence of per-capita income, micro-credits, natural resource management, household choice of water and sanitation facilities, capital markets, exchange rate policy, corruption, and transfer pricing by foreign investors. The authors have applied different analytical techniques and methodologies and have drawn conclusions and policy implications based on empirical findings. The volume reveals that Bangladesh has had significant regional convergence in economic growth, with both financial development and human capital formation contributing to that growth, and that the economic development accompanying this growth has resulted in a reduction in the nation’s fertility rate. Financial development was also a factor in de-linking currency devaluation from inflation. However, the pace of regional convergence started to slow down in the early 1980s. Foreign capital inflow is poor because of governance problems and a weak stock market. If foreign investment is invited, careful attention should be given to the regulatory regime and policies such as transfer pricing. A number of the articles explore the possibility of employment generation and income redistribution through fisheries management and micro-credit as well as the issue of proper sanitation. This volume is written for both the students and teachers of economics and related disciplines, such as business, finance and development studies. Also, as an independent, balanced and homegrown source of information, it would be useful to both policymakers and other practitioners dealing with the contemporary issues in Bangladesh. Akhtar Hossain is Senior Lecturer in Economics at the University of Newcastle, Australia. He earned MA, 1984 and PhD, 1989, degrees in Economics from the University of Melbourne and La Trobe University, Australia, respectively. He has specialized in teaching and research in the areas of monetary economics, open-economy macroeconomics and international trade and finance. He is the author of three research-based books on the Bangladesh economy and the lead co-author of three reference textbooks on macroeconomics, monetary economics and development studies. Farida Khan is Professor of Economics at the University of Wisconsin at Parkside, USA. She has earned her PhD in Economics from the University of Maryland, USA. She has worked as a consultant for the World Bank. Her current research interests are on women’s issues in Bangladesh, including the effects of micro-finance on women and their lives. Tanweer Akram is Senior Economist at the Economy.com. Previously he worked for A.T. Kearney, Economist Intelligence Unit, the International Monetary Fund and the World Bank, and taught at Barnard College, Columbia University, New York, and North South University, Dhaka. He earned his PhD in Economics from Columbia University.