Strategic inefficiency, institutionalisation of corruption, and a lack of accountability are the three major barriers blocking the smooth progress of the economy, said economists, entrepreneurs and politicians yesterday.

If you look at it from an economic and social perspective, these words have more to them than meets the eye. This is exactly what Raj Chetty, a Harvard economist has done. Making friends who come from money plays a very important role in determining your economic mobility. This basically refers to how quickly your income changes overtime. Chetty and his team wanted to find out if that is indeed the case and examined 72.2 million Facebook users between the age of 25-44 and formulated three determinants of measuring “social capital.”

Saudi Arabia's Deputy Crown Prince Mohammed bin Salman has said a war between his country and Iran would be the beginning of a catastrophe and Riyadh would not allow it.

Dr Mahabub Hossain, one of the best known agricultural and development economists in Bangladesh and South Asia, passed away at a US hospital on Sunday after a battle with heart disease. He was 71.

Human societies will soon start to experience adverse effects from manmade climate change, a prominent economist has warned.

The World Bank projects the gross domestic product (GDP) growth in FY16 at 6.5 percent.

Although Bangladesh is now a lower middle income country, much needs to be done to improve the standard of living to reap actual benefits, economists of the country observe.