University of Oulu

Hasinomics: Bangladesh is a development miracle

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Author: Hussain, Md. Imam1
Organizations: 1University of Oulu, Oulu Business School, Department of Economics, Economics
Format: ebook
Version: published version
Access: open
Online Access: PDF Full Text (PDF, 0.6 MB)
Pages: 42
Persistent link: http://urn.fi/URN:NBN:fi:oulu-202106178550
Language: English
Published: Oulu : M. Hussain, 2021
Publish Date: 2021-06-23
Thesis type: Master's thesis
Tutor: Korhonen, Marko
Reviewer: Korhonen, Marko
Koivuranta, Matti
Description:

Abstract

This thesis investigates the core principles of Hasinomics, an economic doctrine of a statesman named Sheikh Hasina, who is currently serving as third consecutive term Prime Minister of Bangladesh since 2009. It refers to a vision and pragmatic economic policies aimed at transforming Bangladesh into a middle-income country by 2021 and developed by 2041, free from hunger and poverty by ensuring economic development and improving the living standards of mass people by creating employment. The term Hasinomics encompasses Hasina and economics. Her development philosophy is idealized by the meld of welfare capitalism and pragmatic socialism. It presents the reasons why Hasinomics was necessary, the key determinants of Hasinomics, and how this policy was implemented. It shows that Bangladesh’s economic policy since the reestablishment of the democratic regime in 1991, so Hasinomics has involved a high component of better implementation. The thesis examines the record of economic growth under Hasina’s administration as well as her new social welfare policy and employment programs to make economic growth more inclusive. This paper discusses the comparative policy analysis and development agenda of her counterpart Begum Khaleda Zia’s regime. It also investigates that how Bangladesh can be an economic example for other LDCs and developing countries.

Findings: The study uncovers that Bangladesh has been growing fast and achieved steady growth and development in Sheikh Hasina’s regime than her counterpart Khaleda Zia’s regime in major development indicators. We may further investigate the true impact of Hasina’s doctrine, role, and leadership in the development process of Bangladesh. It reveals that in recent time Bangladesh has attained more progress than the two neighboring countries -Pakistan and India in key development index. In addition, Bangladesh is far ahead of Pakistan in major development indicators.

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