On the 13th of June 2013,Economics Department of North South University (NSU) and Centre for Policy Dialogue (CPD) jointly presented a Discussion Program on ‘Current Macroeconomic Scenario in Bangladesh and Policy Analysis’ – an event which NSU’s only Academic Club, Young Economists’ Forum (YEF) organized. The Keynote Speaker of the program was Professor Mustafizur Rahman, Executive Director of CPD; also present were, the Chief Guest Mr. M. A. Hashem the Chairman of Board of Trustees of NSU Trust, the Special Guest Professor Amin U. Sarkar Vice Chancellor of NSU and the Session Chair, Professor M. Ali Rashid, Chair of the Department of Economics of NSU.
The program started off with a recitation from the Holy Qur’an, after which Professor M. Ali Rashid initiated the program by extending a warm welcome to all and providing some background information regarding CPD and its role in the country. He also highlighted the importance of discussions like these and the significance of understanding the practical implications of economic policies and theories for students. Mr. M. A. Hashem then set the tone for the discussion by pointing out some challenges facing Bangladesh on its path to becoming a middle income country. This was followed by the Vice Chancellor Professor Amin U. Sarkar’s inspiring speech about Bangladesh’s resilience and potential; he also focused on pointing out the importance of sustainable economic development and how it should be achieved as opposed to simply concentrating on economic growth. He praised our country for being better off than many Indian states in a recent multi-dimensional poverty analysis. We would like to present our heartiest congratulations to the new Vice Chancellor upon his recent appointment.
Finally, Professor Mustafizur Rahman commenced on the note that the phenomenal track record of Bangladesh in the last 40 years is something the youth should be proud of. The discussion went on to cover the macroeconomic analysis of the fiscal year 2013, the proposed budget for FY 2014 and the challenges in its implementation. He talked about various aspects of the economy of Bangladesh and stressed on how the country was “the test case” for development. Throughout the discussion he emphasized on the importance of good governance and political stability for sustainable economic development. He also brought in the Padma Bridge issue, and how it needed to be resolved. This was followed by an interactive Q/A session. The question-answer round began with Professor Shariful Akham posing a query on utilization of remittance; and this continued with an interactive discussion with the participating students and faculty members.
This event portrayed how economic theories are used to analyze real world situation. Not only was it informative and intriguing, but also thought provoking, giving everyone present some food for thought regarding the country’s economy. The program ended with a vote of thanks from the Session Chair, and was highly praised by each and every important personnel and audience present.