But, I thought India has a sizeable industrial base, so is also a middle class. Without a large number of the middle class, it is not possible to progress depending on the parse of a few million rich.
Topcat is an idiot. He probably thinks 2 dollars of investment per Bangladeshi deployed outside its borders will bring any modicum of "bottom up" industrialisation.....that too when "bottom" of pyramid in BD (not india or any developing country I have seen) is now seeing real household income decline from 2010.
It is why he just runs away when you actually ask him to prove how constant dollar is calculated (if it has no inflation component)...after bitching that he has it all figured out with some notion of exchange rate movement lol.
Any developed country in the world, you can check what is the import composition they do w.r.t India and BD....to get idea of how much BD is reliant on a) one good and b) freebie 0 tariff for that good. Can check what the 2 dollar per person investment outside generates for anything
It is supposed to industrialise past this somehow while filing 2 patents in the US a year (at best)? The only thing getting stuck is BD brains, BD real economy (as measured in any way that matters that can be proven 3rd party like energy, investment, trade) and BD corruption (which this topcat fellow is big proponent of).
Then they get all dismissive when you post what the productivity per worker is for BD compared to Myanmar, India, Pakistan etc is. Apparently that also is another big aid for industrialisation "from bottom" in some way heh.
The only thing that grows is BD ego...post 1, 2 and 3 all positive...and then the ego trip starts......because BD is super proud of getting LDC-tariff rate. It will be humorous to watch it deflate....surprising it doesnt when you show that....no BD didnt export a million refrigerators to thailand as promised back in 2015 (and all other promises since)....trial orders + media noise (and subsequent actual realised failure) seem to run this BAL 95% seat win + 95% extreme corruption country.
I mean its pretty darn sad to see automobile production levels of the world, and then scroll all the way to bottom till you hit Bangladesh....languishing among some pacific islands for company. 500 pragoti assembly! Real industrially stronk!
You know well
@bluesky what is the realisation rate versus dream rate for BD attitude....and what it creates among these ppl here when you challenge it.
I suggest just watch more of it....it will take some harsh reality coming up for BD to change in meaningful way. Energy stagnation this early + inflation causing household income decline this early is bad. It means the discrepancy that SANEM is showing and questioning is not materialising magically enough to make up the slack in between....and 4% actual growth of such non-diverse economy (as harvard says) has a basis. Just depends the time taken to acknowledge it and fix it...and it will need more bubble bursting for such a corrupt brittle monolith type of country.
@Major Sam @Sugarcane
