Don't send wrong signals!

By Mabroor Mahmood On e-mail
20 May 2006, 18:00 PM
Everybody should admit that Bangladesh is now in a very important transition phase in the development cycle and any wrong perception regarding the economic trends would jeopardise the interests of the nation to an extent which we would not be able to overcome. I have noted some reputed economists in Bangladesh and also some people giving a wrong signal about FDIs by writing articles in reputed newspapers.

This is true that some foreign investment might be detrimental to Bangladesh's interests, but it would do harm only when if we don't formulate the right policies to handle such foreign investments. But if we continue to blame the general foreign investors, instead of fixing our own problems and developing the knowledge base, it will give all the foreign investors a wrong signal.

I hope The Daily Star would continue to strive to create a favourable economic and social environment for attracting FDIs.