Volume-XI, Issue-I, January 2025 |
| A systemic review of economic challenges in Bangladesh Bilkish Akter, Research Associate, Daystar HRM & Market Research Centre Sapan Bepari, Research Associate, Daystar HRM & Market Research Centre |
Received: 15.01.2025 | Accepted: 25.01.2025 | Published Online: 31.01.2025 | Page No: 178-203 | ||||
DOI: 10.29032/ijhsss.vol.11.issue.01W.018 | |||||||
ABSTRACT | ||
Bangladesh suffers enormous economic issues, such as inflation, unemployment, corruption, and poor infrastructure. These concerns limit the country's potential to achieve long-term economic growth and stability. The goal of this research is to investigate how these factors interact with and affect Bangladesh's economy, providing an in-depth examination of their consequences. A systematic review methodology was used to analyse a variety of papers concentrating on Bangladesh's economic issues. The findings show that inflation weakens economic stability by increasing living costs and lowering household welfare, whereas unemployment, particularly among young people, limits the country's economic potential. Corruption further stifles the economy by discouraging foreign direct investment (FDI) and causing inefficiencies in both the public and private sectors. Furthermore, poor infrastructure, particularly in energy and transportation, discourages investment and hampers industrial development. On the basis of these findings, the research advises extensive reforms such as anticorruption campaigns, job creation techniques, and considerable infrastructure investment. These steps are critical to stabilizing the economy and realizing Bangladesh's full potential for long-term growth. Keywords: Bangladesh; Economic Challenges; Inflation; Unemployment; Infrastructure Development; Economic Growth; Household Welfare; Economic Stability. |