As story of missed opportunities

By Md. Mahbubur Rahman Khan BUET, Dhaka
10 June 2006, 18:00 PM
There is a quotation which states, “There is no poor country in the world, only poorly managed country.” I think this statement is quite right. We cannot improve our condition because we cannot manage ourselves in the right direction. Many countries have changed their socio-economic conditions. We can take Malaysia as an example. Twenty-five years ago, Malaysia was a country very similar to Bangladesh. Mr. Mahathir is the founder of modern Malaysia. Now Malaysia is treated as one of the modern countries in Asia.

Think a while about Singapore. That country has a port. Utilisation of that port changed the face of the country. For their port, many businessmen all over the world need to go there. That is why their hotel business is another source of income. Dubai is the example of another country which attained its progress with seaport and hotel business. However, it's a matter of shame for me to think that my country has such options unutilised. Unfortunately, we could not utilise our two seaports in Chittagong and Khulna. The landport at Benapole could also be utilised to earn foreign exchange.

We don't have sufficient natural gas for our domestic use. So, why should we donate natural gas to Tata to produce electricity, fertiliser and steel and buy electricity at a higher price? If Tata establish their factory here, the fertiliser factories in Bangladesh and local steel companies cannot compete with them. As a giant company, it can outplay the small companies by dumping their products in the market at a lower price.

Democracy in a poor country is not always pleasant. This is the most powerful weapon of the developed countries to sell to the underdeveloped countries. We should follow our own version of it and refrain from engaging in confrontational politics, which can be highly damaging.