OPEN SKY | The Daily Star
  • The corona-clenched economy: Changes and policies

    Alan Greenspan, who led the US Federal Reserve for two decades, was summoned in congress and testified that the financial crisis of 2008-2009 was an economic tsunami which could happen once in a century.

  • Time to reform the finance ministry for robust growth

    It is hard to achieve a growth of around 8 percent, and it will be even harder to maintain this trend unless we reform our ministry of finance (MOF) to steer the economy in the right direction. An MOF is usually the chief conductor of the orchestra of a country’s

  • Budget FY2019-20: New directions, old roads

    This is the first time we noticed a prominent leader of the opposition using an appropriate word, “ambitious”, to describe the budget, instead of branding it as “anti-people.” This is a good sign because the first budget for a new finance minister should be forward-looking.

  • A note on re-fixing interest rates on Sanchayapatra

    Finally, the government has decided to re-fix interest rates on National Saving Certificates (NSCs) or Sanchayapatra. Hopefully, it will

  • Quota issue from an economic perspective

    Truth shall prevail against lies and falsehood. And economic truths are often ruthless.

  • Crisis of skills and soaring unemployment

    The recent quota movement, which was somehow quelled defying the logic of merit-based competition and fundamentals of a market economy, portrays a pathetic lack of skills among the youth of our nation.

  • Economic costs of poor road management

    Once the Huang He river was known as the river of sorrow in China and the river's deadly floods were seen as acts of God. But the Chinese regime changed this narrative through its long-term planning and by transforming the threats into irrigation opportunities.

  • Why the growing unemployment rate

    Why the growing unemployment rate should worry us

    When I approached a car insurance company to discuss ways to reduce my insurance cost, the manager advised me to take a study course on defensive driving,

  • Time to let the youth shine

    Had Shakespeare been alive and the opportunity to visit Bangladesh, he would have withdrawn his poem, “Crabbed Age and Youth.” Instead, seeing Bangladesh's politicians, he would have written a new poem, “Shining Age and Subdued Youth.” Rabindranath too would disown his poem, “Expedition of the Youth (Taruner Abhijan).”

  • Why abolishing the quota system is necessary

    While the prime minister's statement on quota abolition in public services has prevented a volcano from erupting, many are shedding crocodile tears to keep the unfair quota system with some temporary treatments; and so the call for reform continues.

  • No negative reporting, please!

    Matern-al uncle, or mama, is an affectionate character in the lives of Bengalis. A typical mama is expected to indulge every whim of his nephews and nieces.

  • How about reforming the viva system next?

    There aren't many moments in my life as an ordinary writer where my writings on banning the quota system have gone in vain. I had come to my workplace in the morning and finished the piece in three hours.

  • What does sliding into 'autocracy' really mean?

    When I was a village boy, I learned from one of my grandparents that if I ever see a black cat, I shouldn't leave home to begin a journey for an auspicious cause. Later I realised that black cats are commonly visible in all villages and they come out of their dens particularly in the morning when most journeys are begun.

  • A journey by bus from Dhaka to Nalitabari

    Shouldn't people derive delight from travelling? Then why is it such a nightmare for people who use public transport in Bangladesh? My short story of a journey by bus from Dhaka to Nalitabari may give readers a glimpse of why.

  • Central bank

    Central bank's cry for help

    As a Bengali saying goes, “Don't dig a canal to let the crocodile enter.” Never has this been more fitting than now for Bangladesh Bank (BB) that is voluntarily inviting the interference of the Ministry of Finance (MoF) into all banking affairs, severely damaging the image of a fairly independent central bank.

  • Consequences of wrong economics

    Martin Luther King once said that injustice anywhere is a threat to justice everywhere.

  • Inflation phobia of central bank hampers growth

    The latest monetary policy testifies that the central bank is behaving like the Germans who once regarded inflation as more dangerous than a bomb.

  • Taking banks further away from the public

    When I, along with another colleague of mine, went to Philadelphia to interview jobseekers, the findings of one interviewee's dissertation reminded me of something: the recent news on bank directors in Bangladesh.

  • How early nominations can help the economy

    We can reduce this kind of political setback on the economy only by channelling the political exuberance in a positive way. Whatever control the election commission brings on the size of the spending by candidates, the political nominees will spend the most anyway.

  • Dramas, dilemmas and doldrums

    Bangladeshis relish drama and nothing is more drama-filled than election time. The atmosphere will be one of excitement and uncertainty this year.

  • A tumultuous year for the economy

    History repeats itself, though not fully, but history is the best educator. As we approach 2018, we can take lessons from the economic successes and failures of 2017.

  • No honking, please

    It is my great pleasure to be back in Dhaka for professional purposes after having lived overseas for two decades.

  • Why Patal Rail is a must for Dhaka

    The government is again contemplating building the nation's largest airport somewhere in the southwest part of the country.

  • Do we really need a central bank?

    Pet doors are small portals at the bottom of doors to let pets move in and out of the house. Sir Isaac Newton once made one big hole for a cat and one small hole for its kittens in the same door.

  • metro rail in New Delhi,

    How India became a growth generator

    Addressing Rabindranath Tagore, the American philosopher Will Durant once pronounced, “You alone are sufficient reason why India should be free.

  • Record economic growth and the tasks ahead

    The 7.28 percent economic growth achieved in the last fiscal year, which the government has reported recently, is the second highest growth rate in Bangladesh's history.

  • Organising the calendar and advancing the clock

    Economist William Nordhaus found a political business cycle for the United States. He showed how the behaviour of the US economic cycle depends on which party, Democrat or Republican, comes to power. Whether our economic cycle significantly varies based on any political party remains a subject of study.

  • How can Bangladesh move forward faster?

    Banglade-sh placed 177th out of 190 countries in the world in the latest Doing Business Index, taking a step back from last year's position.

  • posters and publicity

    Posters and publicity syndrome

    While visiting Princeton University in New Jersey recently, the idea of visiting Albert Einstein's residence tickled my mind.

  • Ten Years of The Great Recession: The American economy is back on its feet

    The US economy has turned back. The last quarter posted three percent growth—much higher than their long-term two percent growth. US GDP has crossed the USD 19 trillion mark for a population size of 326 million, making per capita income USD 59,000 annually.