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    Comparing The Economic Indicators of Mali, Bangladesh and United States

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    Shaikh Saifullah Khalid
    This document compares economic indicators of Mali, Bangladesh, and the United States. Mali has experienced ups and downs in growth rates averaging 5.2% over 7 years, while its poverty rate has remained high at around 47%. Bangladesh has steadily increased growth to 8% in 2019 while reducing poverty from 32% to 20%. The US has maintained stable growth around 2-3% and lowered poverty to 11-12%. Bangladesh is catching up to the US in per capita GDP growth, though there remains a large income gap to developed countries.

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    Comparing The Economic Indicators of Mali, Bangladesh and United States

    Uploaded by

    Shaikh Saifullah Khalid
    32 views4 pages
    This document compares economic indicators of Mali, Bangladesh, and the United States. Mali has experienced ups and downs in growth rates averaging 5.2% over 7 years, while its poverty rate has remained high at around 47%. Bangladesh has steadily increased growth to 8% in 2019 while reducing poverty from 32% to 20%. The US has maintained stable growth around 2-3% and lowered poverty to 11-12%. Bangladesh is catching up to the US in per capita GDP growth, though there remains a large income gap to developed countries.

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    Group 8-B.docx

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    This document compares economic indicators of Mali, Bangladesh, and the United States. Mali has experienced ups and downs in growth rates averaging 5.2% over 7 years, while its poverty rate has remained high at around 47%. Bangladesh has steadily increased growth to 8% in 2019 while reducing poverty from 32% to 20%. The US has maintained stable growth around 2-3% and lowered poverty to 11-12%. Bangladesh is catching up to the US in per capita GDP growth, though there remains a large income gap to developed countries.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    32 views4 pages

    Comparing The Economic Indicators of Mali, Bangladesh and United States

    Uploaded by

    Shaikh Saifullah Khalid
    This document compares economic indicators of Mali, Bangladesh, and the United States. Mali has experienced ups and downs in growth rates averaging 5.2% over 7 years, while its poverty rate has remained high at around 47%. Bangladesh has steadily increased growth to 8% in 2019 while reducing poverty from 32% to 20%. The US has maintained stable growth around 2-3% and lowered poverty to 11-12%. Bangladesh is catching up to the US in per capita GDP growth, though there remains a large income gap to developed countries.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Comparing the Economic Indicators of Mali, Bangladesh and United States

    Course Name: Finance and Development (F-414)

    Prepared for:

    Dr. Gazi Mohammed Hasan Jamil


    Associate Professor
    Department of Finance
    University of Dhaka

    Prepared by:

    Group No: 008


    Section: B
    Batch: 23rd

    SL No Name ID No Remarks

    01 Sayed Muntasir 23-029

    02 Tamanna Akter 23-021

    03 Shuvo Roy 23-036

    04 Nusrat Jahan 23-117

    05 Shaikh Saifullah Khalid 23-160

    Date of Submission: 5th November, 2020


    Preface
    Too often, policymakers face some dilemmas to implement a particular policy. There is no
    certainty that one policy which performed well in one country may fail to achieve the target in
    another country. In this report, we selected three countries. Among them, Mali, an African
    underdeveloped country, is struggling in manufacturing industry.  This leads to an enormous
    need for imports and to a current account in deficit (5.4% of GDP in 2019). On the demand side,
    investment is particularly low, at 9.5% of GDP for the private sector and 8.7% for the public
    sector.Meanwhile, Bangladesh maintained 8.13% growth in this year and managed to put aside
    the impact of Covid-19. One the contrary, USA’s GDP grew 33.1% between July and
    September. We mainly compared these three countries’ performance in terms of GDP growth,
    headcount poverty rate etc.

    Growth and Poverty in Mali, Bangladesh and United States


    From Figure 1, we can see, in recent fiscal year, Mali has shown a growth rate of 5.04%.
    However, Mali’s average growth rate is not sustainable. Mali is experiencing ups and downs in
    their growth rate whereas their poverty rate remains high in the last 7 years. In 2013,
    approximately 50% of their population lived below poverty line. This rate did not change that
    much in terms of their growth. Mali’s average growth rate of last 7 years is 5.2%
    However, in the last 7 years Bangladesh performed well in terms of GDP growth and poverty
    rate reduction. Bangladesh managed to reduce their growth rate from 32% to 20% in the last 7
    years. Moreover, Bangladesh also maintained steady growth rate in the last 7 years. In 2019,
    Bangladesh maintained a growth rate of 8%. (Figure 2)
    USA, the number 1 economy of the world, maintained stable growth rate and poverty rate in the
    last few years. (Figure 3)
    8.00% 48.00%
    47.10% 47.20%
    7.10% 46.80% 47.00%
    7.00%
    46.09%
    6.00% 6.16% 46.00%
    5.76% 44.90%
    5.42% 45.00%
    5.00% 5.04%
    4.65% 44.00%
    4.00% 43.08%
    43.00%
    3.00% 42.01%
    42.00%
    2.30%
    2.00% 41.00%
    1.00% 40.00%
    0.00% 39.00%
    2013 2014 2015 2016 2017 2018 2019

    Poverty rate Annual GDP growth rate


    Figure 1: Growth and poverty in Mali, 2013-2019
    9.00% 32.60% 35.00%
    8.00% 8.15%
    7.86% 30.00%
    27.03% 7.11% 7.28%
    7.00% 24.70%
    6.55% 24.30% 24.30% 25.00%
    6.00% 6.01% 6.06% 21.08% 20.05%
    5.00% 20.00%

    4.00% 15.00%
    3.00%
    10.00%
    2.00%
    5.00%
    1.00%
    0.00% 0.00%
    2013 2014 2015 2016 2017 2018 2019

    Poverty rate Annual GDP growth rate


    Figure 2: Growth and poverty in Bangladesh, 2013-2019

    3.50% 16.00%
    14.50% 14.50%
    13.50% 14.00%
    3.00%
    2.88% 12.70% 12.30% 2.93%
    11.80%
    12.00%
    2.50% 2.45% 10.50%
    2.33%
    2.22% 10.00%
    2.00%
    1.84% 8.00%
    1.50% 1.57%
    6.00%
    1.00%
    4.00%
    0.50% 2.00%

    0.00% 0.00%
    2013 2014 2015 2016 2017 2018 2019

    Poverty rate Annual GDP growth rate


    Figure 3: Growth and poverty in USA, 2013-2019

    Catch-up Effect
    Bangladesh managed to increase their GDP per capita growth yearly. The average per capita
    growth of Bangladesh is 5.84%. However, Mali failed to increase their per capita GDP. USA is
    maintaining a stable per capita ratio. Though Bangladesh is performing well in terms of growth,
    still it has to go a long way to become a developed country. The income gap between Bangladesh
    and any developed is still high. However, Bangladesh managed to increase their per capita
    growth compared to US. Catch-up effect is working in this situation.
    8.00%
    7.00%
    6.00%
    5.00%
    4.00%
    Mali
    3.00% Bangladesh
    USA
    2.00%
    1.00%
    0.00%
    1 2 3 4 5 6 7
    -1.00%
    -2.00%
    Figure 4: GDP per capita in an under-developed, developing and developed country

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