FOR BANGLADESH, MIXED ECONOMY IS THE ULTIMATE SOLUTION

Debate topic is presented by Nazia Tasneem 0910514030 Ahmad Galib 0910501030

WHAT IT ACTUALLY MEAN BY MIXED ECONOMY?

In one sentence
It is a mixture of both Planned Economy & Market Economy!

EXISTENCE OF A MIXED ECONOMY

To most libertarians, there is simply no free market yet! Pure capitalism and pure communism have never and most likely can never exists. The world's developed nations are the most common examples of mixed economies.

ECONOMIC CONDITION OF BANGLADESH

From marketing point of view, Bangladesh has been following a mixed economy that operates on Free Market Principles. The GDP of Bangladesh is 6.51% and per capita income is US$ 520. Corruption, bribe, terrorism, un-ethical politics, syndication over market, peddling of government influence etc. are rife in Bangladesh. So, in a country like Bangladesh, the market should be liberalized with limitation.

MIXED ECONOMY IS THE ULTIMATE SOLUTION FOR BANGLADESH

"To correct for market failure To achieve a more equitable distribution of income and wealth To improve the performance of the economy

WHY CHOOSE MIXED ECONOMY

WHY GOV. INTERVENES?

It is the high time to take some initiatives towards syndication which is creating Price Hike !

Government Must Intervene

REASON BEHIND CHOOSING MIXED ECONOMY

RMG Labor strike

Govt. Must Intervene

REASON BEHIND CHOOSING MIXED ECONOMY

Health Sector Just imagine what would happen without Govt. Interventions?!
In an unrestricted capitalist society, when certain monopolies are allowed to form such as that of healthcare, drugs and treatment which may be needed to survive for some individuals, according to supply and demand, can be raised at an unreasonable rate.

ALL SMALL FISHES WOULD BE EATEN BY THE BIG FISHES

"Socialism takes away competition and the need to improve products while capitalism operates purely to produce a profit without regard for human needs. There is no reason that some should go hungry while others have so much wealth!

HOW MIXED ECONOMY WOULD WORK?

Adjoining free market principles with Gov. regulations Earned profits of business would be taxed or charged with other duities Distribution of wealth

WHAT PROBLEMS WOULD WE FACE IF NOT MIXED ECONOMY ? Two perspectives Market economy Planned Economy

EXAMPLES OF COUNTRIES THAT FACED THESE DIFFICULTIES

USA-Global financial crisis Bush vs. Obama Poland case Malaysia and Mahathir Mohammed Bangladesh- Naiko case and less losses in stock markets during 2008

WINSTON CHURCHILL

The vice of capitalism is that it stands for the unequal sharing of blessings; whereas the virtue of socialism is that it stands for the equal sharing of misery.

SO WHY MIXED ECONOMY?

Protection from market failure (i.e. monopoly) Growth and safety balance Productivity would increase Social justice Utilization of resources Stable economic growth

WHAT WE NEED TO DO?

Imply policy according to our cultural needs Make sure strong partnership of public & private sectors Gov. providing infrastructure for efficient market Protect property rights Free information flows Minimum unpleasant side effects