Professors Mohammad Abdur Rab and Muhammad Mohiuddin Sarkar argue that Bangladesh’s economy, despite its potential, remains constrained by corruption, debt, and policy short-sightedness. They emphasize that remittances and the ready-made garment sector currently drive the economy, but structural weaknesses such as rising non-performing loans, foreign debt, and low tax-to-GDP ratios threaten long-term stability. The authors call for redefining economic strategies after the July revolution, focusing on sustainable development rather than GDP illusions.

They identify corruption as the root of most crises, noting its deterrent effect on foreign investment and its role in capital flight. The article highlights the need for governance reforms, transparency, and accountability in public spending. It also warns that unplanned foreign borrowing and export dependency could destabilize the economy as Bangladesh transitions from LDC status.

The authors propose an “economy of justice,” where fairness, honesty, and balanced resource distribution guide all policies. They urge reforms in taxation, banking, and trade diversification to ensure inclusive growth and long-term economic resilience.