Shipbuilding: A Gateway for Bangladesh to Achieve Economic Solvency
Author: P.M.K Hassan Siddique, Wahidul Sheikh, Dewan Mazharul IslamDOI: doi.org/10.70279/bmj-v4-i1-1004
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Bangladesh has been ranked 41st among the world's largest economies in 2019 as well as become the second biggest economy in South Asia. As a maritime nation, the country focuses on prospects of Blue Economy and aspires to be a middle-income country by 2021 and developed economy by 2041. To achieve this goal the shipbuilding industry can be the perfect alternative. Being a nation next to the sea, she has a long heritage of building oceangoing ships. With the recent success of the shipbuilders of Bangladesh, it is crystal clear that this industry has more potentials to impact the national economy. The study was mainly a descriptive research. Data were mainly collected from secondary sources. Some primary data were also collected from experts and policymakers through unstructured interviews. The study revealed that Bangladesh has a great potentiality in this sector. Bangladesh is emerging as a shipbuilding nation. In the last decade by exporting more than a hundred ships, Bangladesh earned a lot of foreign currency. The shipbuilding industry of Bangladesh has a great scope in the international market for building small ocean-going vessel although there are some obstacles and challenges that are hindering the proper growth of this industry. The study provided valuable guidance for the government of Bangladesh to make a clear policy regarding the expansion of the shipbuilding industry to attain economic solvency. It is expected that this study would contribute to improving policy, further research and advance the frontier of the knowledge.
| Item | Value |
|---|---|
| Serial | 6 |
| Article PDF | Download |
| Total Citation | Click here to view citation data |
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| Article Page Views | 733 |
| Article Downloads | 1 |
| Article Volume | Volume 04 |
| Article Issue | Issue 1 |
| Article DOI | doi.org/10.70279/bmj-v4-i1-1004 |
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| Status | Show |
| Article Slug | shipbuilding-a-gateway-for-bangladesh-to-achieve-economic-solvency |
| Article Keyword | Shipbuilding, Economic Solvency, |
| Article Entry Time | 16:13:37 |
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