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Sunday, January 16, 2011

Prof. Wahiduddin Mahmud on VOA

The gist of the interview of Professor Wahiduddin Mahmud by Voice of America (VOA) news offers a space to think over a few basic economic issues:

  1. Whether the current export pace in Bangladesh is sustainable in the long-run due to the lack of appropriate efforts to improve the energy shortage;
  2. Whether the government has been taking the appropriate measure to address the issues pertaining to long-run food security (such as asymmetric information about supply shortage vs. excess demand);
  3. Trade-off between labor supply for export industries and overseas employment for higher remittances (a higher overseas employment can make a shortage in labor supply in export industries, which may increase the wage level for those industries and export may become expensive). 

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