The Maritime Sector in the Economic Development of Bangladesh
Author: Humayun Rashid Askari*, Rezwana Tauhid Bushra, Mohammad Nazir HossainDOI: doi.org/10.70279/bmj-v5-i1-1078
Cited by 5
Maritime economy, a comparatively new concept in the domain of economics, means the economic activities based on marine or sea-based resources. The present paper seeks to explore the prospects of a sea-based economy to help promote Bangladesh from a middle-income country as targeted in the 'Vision 2021' to a developed country as per 'Vision 2041' through the sustainable use of marine resources. The study also reveals that Bangladesh can accelerate its economic process through the effective use of sea resources. Bangladesh has 200 nautical miles of EEZ (Exclusive Economic Zone) with a 710 km long coastline in the Bay of Bengal. Seas, which cover nearly three fourths of the earth, play a vital role in two essential functions. From very ancient times, the sea was the major media of communication or transportation. And also, the biggest natural source of living and non-living resources. At present, we can see almost all the oceanic countries are becoming very substantially aware of their marine resources to resolve many of their economies' present and future challenges. As for Bangladesh, the ocean contributes an outstanding deal to its overall socio-economic progress by raising the country's economic activities and particularly to the coastal zone in the southern part. This paper, based mostly on secondary data analysis, investigates how much Bangladesh can handle the challenges in becoming a developed country by implementing Sustainable Development Goals (SDGs). Shows the impact of the maritime sector in Bangladeshi economic development. In addition, it attempts to find out the barriers and limitations of the activities from different angles of vision. It proposes some ways that forward for promoting sustainable development in Bangladesh.
| Item | Value |
|---|---|
| Serial | 7 |
| Article PDF | Download |
| Total Citation | Cited by 5 |
| How to Cite | |
| Article Page Views | 598 |
| Article Downloads | 0 |
| Article Volume | Volume 05 |
| Article Issue | Issue 1 |
| Article DOI | doi.org/10.70279/bmj-v5-i1-1078 |
| Article Conference Acronym | |
| Manuscript Number | |
| Status | Show |
| Article Slug | the-maritime-sector-in-the-economic-development-of-bangladesh |
| Article Keyword | Maritime Economy, Sustainable -Development, Maritime, Blue Economy, Bay of Bengal, Bangladesh |
| Article Entry Time | 16:35:46 |
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