Tuesday, January 29, 2008

Connectivity is Productivity

Connectivity is productivity. Connectivity means access to the factors of production and also technology. In our country we have huge potentials in the different sectors and we couldn’t bring out the juice of each sector in a successful way. We have so many lacking and impediments to run business smoothly. To achieve the robust growth of a country we need to pay heed to the developments in the sectoral level. Our Agriculture, Small and Medium Enterprises, Agro-processing industries and service sector should be the main engine of growth for the betterment of rural and urban poor. Indeed our industrial sector led by RMG sector is exporting 76% of the total export but this is very narrow based export oriented economy that we are having in the last decade. We need to diversified our export sector and we must look forward to the agricultural , processed- agricultural products and SME products where we can make markets in the country as well as in the foreign markets. We need investment and access to market information. If a person knows the market information where he can sell his product, then it would be easier for him to take the right decision. And we are here to make the opportunity to come out with the right product in a right market. Farmers need factors of production as well as proper information. Asymmetric information hinders the productivity and the performance of the individual and distorts market. For the SME sector we need to create foreign markets for their products. So we need to see the comparative advantage of the products where we would be competent in the international markets. So we need expertise also with teamwork in a regular basis. We need to help them to come out and to contribute in achieving the robust growth.

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