Mukti

A people’s republic

Posted in elections, politics by jrahman on December 28, 2018

A country isn’t changed by politicians, but its people…..  You are Bangladesh…..  We have no more fear.  We have put Bangladesh in our heart such that there is no place for fear in it…..  On the 30th….  you will take ownership of this country…..  We want to leave this country to our children.

A few weeks ago, I asked why the promises of a few old men should be taken seriously.  Harassed, threatened, beaten, bloodied, shot, arrested, family members arrested — yet, Jatiya Oikya Front is still spreading a message of hope.  Their grit alone deserves to be taken seriously.  And Mirza Fakhrul Islam Alamgir’s inspiring words are backed up by specific commitments that will return the republic to its people.

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What to expect if you are expecting?

Posted in economics, elections, institutions, politics by jrahman on December 23, 2018

In just a few days, Bangladeshis might have a chance to vote.  I have no idea whether the election will be free and fair.  Nor can I venture a guess about the winner.  For all we know, the government will follow the path of Pakistan over India — that is, it will rig the election following ZA Bhutto’s 1977 example, and not accept defeat in a free and fair election like Indira Gandhi did the same summer.  However, one can always hope, and expect.  If you were to expect a Jatiya Oikya Front victory on 30 December, what should you expect for the economy for the next five years?

As with anything to do with economy, the answer is mixed.

On the one hand, even if Mrs Hasina Wajed allows a free and fair election, accepts defeat, and peacefully hands over power, there is a significant risk that she will still have left the new government with a Pakistan-like situation.

Pakistan too had an election earlier this year.  The previous government claimed, with some justification, to have tackled the country’s electricity and other infrastructure problems.  Pakistan economy seemed to have turned a corner.  However, the government’s books were a mess, and there was a risk that the country couldn’t meet its external liabilities.  The incoming government had won the election promising good governance on a whole raft of fronts.  But the new prime minister Imran Khan and his finance minister have spent most of their time travelling the Washington DC, Beijing and Riyadh with a begging bowl.  And all the grand promises seem to be melting into thin air.  If you are expecting a triumph of democracy on 30 December, you would do well prepare for a Pakistan-style crisis in 2019.

On the other hand, if they can avoid a crisis that would be Mrs Wajed’s parting gift, there is much to look forward to a Oikya Front government for.  And a crisis is not a fait accompli.  A train wreck can be avoided if you see the locomotive rushing towards you.  The thing about expectations is, if you know what to expect, you could adjust your actions to avoid the worst possible outcome, and temper your expectations to face the situation in a stoic manner.  I suspect the would be econocrats of the Oikya Front are well aware of the mess they might inherit.  They will need to take a few steps to diffuse any looming disaster before launching their longer term tasks.  And if they can get to it, judging by its manifesto, and BNP’s Vision 2030, a new government will attempt an ambitious but realistic programme.

Let’s unpack these step by step.

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