Financial Express

Financial Express
The Daily News Paper

Bureaucracy: A Hypothesis of Relative Position in the Society

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People of all levels are interested in economic-, social-and political position.
However, people are not equally interested in everything. For example, the
poorest of the poor family is mostly interested in things needed for the survival
of their life and living including the food or three meals a day. They do not care
much about the social or political position. They participate in the politics only
as a voter. They also do not care much about taking the role-play of a social
leader. The very affluent people or the people of upper income class are not
very interested in the job of public or private sector official. Or they are very
little interested in the job of Government officials or bureaucracy in particular.
They have a lot of substantial amount of inherited property from their parents or
fore-fathers in addition to their present income.

Bureaucracy: To hold back the Rein of Arabian Horse of Development

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Rein and bridle are two synonymous word, the meaning of which is the same or
similar. Rein is a long narrow band of leather that is used to fence around a
horse’s head in order to control it. Bridle is also a set of leather bands put
around a horse’s head to control its movements or to curve the horse’s
movement in an expected direction. Here, the expected direction of the
Governmental activities is to reach or achieve the goal of national development.
When we change the direction or the policy guide of the Government
intentionally, which deviates us or slows-down our national mission and vision
of development, is briefly entitled as a “Bureaucracy: To hold back the Rein of
Arabian Horse of Development.”

The Theory of Marriage

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Marriage is an important human relation in life between a male and a female as the
foundation stone of setting-up a home and family. Marriage is a spontaneous or
socially and legally arranged agreement between a male and a female individual to
stay together at home in life. In a conservative society including Bangladesh, most of
the marriage works very well and receives a well tenureship. In many other cases
especially in many open and ultra-modern societies, happy marriage days frequently
turn into an unpleasant end by an unfortunate separation.
The people strive throughout their life to maximize their satisfaction or happiness in
their personal life, family and social life. People also strive to maximize their
happiness in their economic life including their job or business subject to their
mental, physical and financial ability in accordance with their age, education,
training and experience, and overall ability and smartness….

Critics of Capitalism: Part 1

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According to the critics of capitalism distribution of wealth, power and freedom
are not equitable in a capitalist society. Knowledge is power. Similarly wealth is
power. In the capitalist society, powerful man enjoys relatively more freedom.
Accordingly wealth, power, freedom and right of expression are correlated in
the same direction. In a capitalist society, wealth is not assumed to be equitably
distributed. So does the situation of human power and human freedom.
Capitalist is based on the assumption that human beings are selfish by born.
Communism is based on the assumption that human beings are altruistic.
Socialist ideology falls between capitalist and communism. In a socialist
country the state authority tries to distribute the personal and national income
relatively more equitably. These are frequently called a social-welfare state. In a
capitalist society, people are poor or rich by born. Due to the self-interest people
do not share their wealth with the others in the society. In many capitalist
society there is no inheritance tax.

Uttara University Growth and development

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Bangladesh is one of the most densely populated country. In this populous country
education is the only way to transforming people to skilled human resource and at
the same time upgrading the standard of life and living. With a view to meeting
this objective the government has already set up Private University Act-1992.
Under this Act nearly fifty private university have already been set up. Among
them Uttara University along with some other university have been performing
their job with reputation. These universities are contributing to the development of
human resources, Uttara University established in 2003. Uttara University got
government recognition. Uttara University is committed to ensuring quality
education at affordable cost. Having spent eight years Uttara University has
succeeded in putting positive impact in academic sector….

Democracy, the state and legal frameworks

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Democracy and capitalist are synonymous in many respect. In a capitalist
society property rights are well protected. Property right means a private
property rights. Each and every individual in the capitalist society can hold a
piece or more than a piece of moveable and immovable property in their own
name. And transaction of property between individuals are well-recorded by the
documentary mechanism of the state. Everybody has a right to increase his
property by purchasing it or can decrease his property by selling it to others.
This transaction is recorded, maintained and legally protected by the law and
order system of the country under capitalism. In a capitalist society a part or
whole of the physical asset can be transferred into capital which are invested in
the market economy as efficiently as possible. Preciously speaking, legal
framework of the ownership of private property is the basis or integral to the
development of capitalism. In many cases there is a market failure under
capitalism. Due to the creation of negative externality, market imperfection and
the formation of a market syndicate by buyers or sellers or by both party. In
either case this kind of collusion in the market can take place under capitalism.
This is called a market failure. In case of market failure consumer have to buy
everything at a very high price even though quality of goods and services may
not be good enough. So, according to the economist government intervention is
necessary to improve on market outcomes under the situation of market failure
in capitalist society.

Credit Culture and Entrepreneurship

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Entrepreneurs are the engine of economic growth. Opportunity of savings and
investment in the production of goods and services exists around us in
Bangladesh. Who are the entrepreneurs? Entrepreneurs employ the technology,
organize resources and initiate the venture for production of goods and services
to exploit the opportunity. Entrepreneurs motivate the society, innovate and take
the initiative and risk in producing good and services. Entrepreneurship
development plan and program should impart some skill and knowledge
including communication and organizing skill, leadership, negotiation,
marketing, business and the financial matters etc. Personally entrepreneurs are
smart, knowledgeable, skilled and educated. They are formally or pragmatically
trained and experienced. Entrepreneurs are ambitious. They search for the
opportunity of how to grow fast. Their mission and vision is relatively good.
People with urban background can be better entrepreneur than those with rural
background. Individuals of good family connection avails an opportunity of
being a better entrepreneur. Entrepreneurs are normally the social leaders rather
than being a follower. The family and parents’ background contributes more to
the children’s entrepreneurship.

Human Rights

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Biologically the living being is of two kinds, which are the plants and the
animals. The animals is again of two types, the human as well as the animal.
When we talk about human rights, we don’t refer to anything relating to the
living being of the plant or the animal including snakes and ants etc. From the
beginning of the civilization, we are talking about the human rights only, not
anything about animal rights. However, in some traditional culture including
Buddhism, Gautam Buddha and the Jain Hindu including the others its a great
deal of sin or crime to kill animal or either to eat them or to obtain any other
objectives. Therefore, the Jain Hindus and the related are including many of
South Indians are purely vegetarian. They do not want to commit any crime by
killing animal for their purpose to cook or eat it. However, they consider
themselves purely as vegetarian considering the vegetables as only the basis of
eating and living. The vegetarian considered the living of the vegetable is not
the same as any other living being including the animal or the human.
Therefore, the vegetarian can cook and eat the living being of the vegetables
very safely and as the non-vegetarian.

Constraint to schooling and development

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Most of the people in the world are poor. Around 2005, about 40% of total
population of 15 crore in Bangladesh used to be poor. Recently, according to
some official information, poverty in Bangladesh has recently been decreased
from 40% to 33%. It means that more than 5 crore people in Bangladesh are still
poor. Most of the poor people are poor from their childhood. This scenario of
poverty is not significantly different from the average world poverty. Most of
the countries and the global people or people world-wide are poor. Poverty
starts from childhood. Some children are poor by born. Some are born in an
affluent family and the others are born and live in poverty. About 8 to 10 crore
children are poor around the world. Children poverty is a significant part of the
total poverty. There are many reasons for the children poverty. As mentioned
before, poor children are born in a poor family. Their social environment and
family income do not allow them to go to school. Lacking an opportunity of the
children to go to school is a significant reason for children’s poverty.

The Economy of Bangladesh

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Rate of industrialization, urbanization and economic growth in Bangladesh are
relatively good compared to its neighboring countries in the SAARC region.
Political stability, improved industrial infrastructure, strong law and order and
judiciary system will take the economy of Bangladesh a further ahead.
According to the CIA World Fact Book, the economy of Bangladesh is a rapidly
developing market based Bangladesh. According to the adjusted Purchasing
Power Parity (PPP) in 2010, the per-capita income in Bangladesh $1,700. As
found by International Monetary Fund (IMF), Bangladesh ranked as the 47 th
largest economy in the World in 2010 and in PPP term Bangladesh is the 57 th
largest economy in nominal terms. The Gross Domestic Product (GDP) is
U$ 269.3 billion in PPP terms and U$ 104.9 billion in nominal terms.

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