Sunday, August 16, 2009

Faulty policies blamed for lagging western region


A lack of specialised economic policy and financial management system, energy and power crisis, and problems in investment and marketing procedures are hindering the development of the country's western region, said speakers at a seminar in Rajshahi yesterday.

They also said long-term government plans, effective policies made by experts and responsible role of entrepreneurs can still build a sustainable economic base in the region that can be a powerhouse of the national economy.

They were speaking at a regional seminar on 'Problems of economic development in western region and prospects' at Rajshahi University, jointly organised by the economics department of the university and Bangladesh Economics Samity (BES).

"The region's economy is dependent on agriculture and some small and medium enterprises, but most of its industries were shut down in the last several decades for faulty policies," said Vice Chancellor of the university Prof M Abdus Sobhan who attended the seminar as the chief guest.

"Appropriate plans and sincere attitude towards equal development of all regions in the country can solve the economic problems," he said.

Prof M Mohsin Ali, chairman of economics department, chaired the inaugural session of the seminar.

Pro-VC Prof Muhammad Nurullah, Treasurer Prof M Abdur Rahman and BES Vice President Prof Ashraf Uddin Chowdhury, among others, spoke.

Prof Dr M Abdul Wadud, Shamima Sultana, Prof Dr Mohamamd Ali, Prof Tariq Saiful Islam, Dr M Moazzem Hossain Khan, Dr ANK Noman, Nibedita Mollik, Dr M Illias Hossain and Jesmin Ara presented their thesis on different economic aspects in the region.

Educationalists from different universities, economists, planners, researchers and students also participated in the seminar.

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