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OPEN SKY

Biru Paksha Paul

OPEN SKY

The writer is visiting fellow at Bangladesh Institute of Development Studies (BIDS) and guest faculty at the Institute of Business Administration (IBA), Dhaka University.

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The economics behind Trump’s tariff war

14 July 2025
Trump’s tariff war is a deliberate way to put a lid on China' export expansion.
14 July 2025
corona-clenched economy.jpg

The corona-clenched economy: Changes and policies

18 April 2020
Alan Greenspan, who led the US Federal Reserve for two decades, was summoned in congress and testified that the financial crisis of 2008-2009 was an economic tsunami which could happen once in a century.
18 April 2020
kamal.jpg

Time to reform the finance ministry for robust growth

9 September 2019
It is hard to achieve a growth of around 8 percent, and it will be even harder to maintain this trend unless we reform our ministry of finance (MOF) to steer the economy in the right direction. An MOF is usually the chief conductor of the orchestra of a country’s
9 September 2019
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Budget FY2019-20: New directions, old roads

15 June 2019
This is the first time we noticed a prominent leader of the opposition using an appropriate word, “ambitious”, to describe the budget, instead of branding it as “anti-people.” This is a good sign because the first budget for a new finance minister should be forward-looking.
15 June 2019
Saving our ailing banking sector

Saving our ailing banking sector

26 March 2019
Bangladesh's banking sector faces a number of major challenges including rising nonperforming loans, credit concentrations, poor
26 March 2019
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The vicious impact of bureaucracy in business

16 February 2019
When we were students, we hated red tapism—we spoke and wrote against it and vowed to change it in the future. But after being recruited into government service, we forgot our old promise, or dared not to talk about it.
16 February 2019
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A note on re-fixing interest rates on Sanchayapatra

4 August 2018
Finally, the government has decided to re-fix interest rates on National Saving Certificates (NSCs) or Sanchayapatra. Hopefully, it will
4 August 2018
Quota

Quota issue from an economic perspective

28 July 2018
Truth shall prevail against lies and falsehood. And economic truths are often ruthless.
28 July 2018
COLOUR ED 1.jpg

Crisis of skills and soaring unemployment

The recent quota movement, which was somehow quelled defying the logic of merit-based competition and fundamentals of a market economy, portrays a pathetic lack of skills among the youth of our nation.
14 July 2018
CNG-run auto.jpg

Economic costs of poor road management

Once the Huang He river was known as the river of sorrow in China and the river's deadly floods were seen as acts of God. But the Chinese regime changed this narrative through its long-term planning and by transforming the threats into irrigation opportunities.
9 July 2018
Number of unemployed populations declined in Bangladesh

Why the growing unemployment rate should worry us

When I approached a car insurance company to discuss ways to reduce my insurance cost, the manager advised me to take a study course on defensive driving,
19 May 2018
Open sky

Time to let the youth shine

Had Shakespeare been alive and the opportunity to visit Bangladesh, he would have withdrawn his poem, “Crabbed Age and Youth.” Instead, seeing Bangladesh's politicians, he would have written a new poem, “Shining Age and Subdued Youth.” Rabindranath too would disown his poem, “Expedition of the Youth (Taruner Abhijan).”
6 May 2018
quota

Why abolishing the quota system is necessary

While the prime minister's statement on quota abolition in public services has prevented a volcano from erupting, many are shedding crocodile tears to keep the unfair quota system with some temporary treatments; and so the call for reform continues.
28 April 2018
B&W ED 2.jpg

No negative reporting, please!

Matern-al uncle, or mama, is an affectionate character in the lives of Bengalis. A typical mama is expected to indulge every whim of his nephews and nieces.
21 April 2018
How about reforming the viva system

How about reforming the viva system next?

There aren't many moments in my life as an ordinary writer where my writings on banning the quota system have gone in vain. I had come to my workplace in the morning and finished the piece in three hours.
15 April 2018
Autocracy

What does sliding into 'autocracy' really mean?

When I was a village boy, I learned from one of my grandparents that if I ever see a black cat, I shouldn't leave home to begin a journey for an auspicious cause. Later I realised that black cats are commonly visible in all villages and they come out of their dens particularly in the morning when most journeys are begun.
1 April 2018
Bus.jpg

A journey by bus from Dhaka to Nalitabari

Shouldn't people derive delight from travelling? Then why is it such a nightmare for people who use public transport in Bangladesh? My short story of a journey by bus from Dhaka to Nalitabari may give readers a glimpse of why.
17 March 2018
Central bank

Central bank's cry for help

As a Bengali saying goes, “Don't dig a canal to let the crocodile enter.” Never has this been more fitting than now for Bangladesh Bank (BB) that is voluntarily inviting the interference of the Ministry of Finance (MoF) into all banking affairs, severely damaging the image of a fairly independent central bank.
3 March 2018
wrong economics

Consequences of wrong economics

Martin Luther King once said that injustice anywhere is a threat to justice everywhere.
25 February 2018
It's all about institutions

It's all about institutions

Anyone who visits Dhaka for the first time may be excused for thinking that Bangladesh is a rich country with millions of automobiles.
19 February 2018
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Inflation phobia of central bank hampers growth

The latest monetary policy testifies that the central bank is behaving like the Germans who once regarded inflation as more dangerous than a bomb.
10 February 2018
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Taking banks further away from the public

When I, along with another colleague of mine, went to Philadelphia to interview jobseekers, the findings of one interviewee's dissertation reminded me of something: the recent news on bank directors in Bangladesh.
13 January 2018
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How early nominations can help the economy

We can reduce this kind of political setback on the economy only by channelling the political exuberance in a positive way. Whatever control the election commission brings on the size of the spending by candidates, the political nominees will spend the most anyway.
6 January 2018
aman field.jpg

Dramas, dilemmas and doldrums

Bangladeshis relish drama and nothing is more drama-filled than election time. The atmosphere will be one of excitement and uncertainty this year.
31 December 2017
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A tumultuous year for the economy

History repeats itself, though not fully, but history is the best educator. As we approach 2018, we can take lessons from the economic successes and failures of 2017.
23 December 2017
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No honking, please

It is my great pleasure to be back in Dhaka for professional purposes after having lived overseas for two decades.
16 December 2017
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Why Patal Rail is a must for Dhaka

The government is again contemplating building the nation's largest airport somewhere in the southwest part of the country.
9 December 2017
central bank

Do we really need a central bank?

Pet doors are small portals at the bottom of doors to let pets move in and out of the house. Sir Isaac Newton once made one big hole for a cat and one small hole for its kittens in the same door.
4 December 2017

Pagination

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