Supporting Sustainable Development: Bangladesh Bank Governor’s bold attempt at promoting green financing
February 23, 2015
Tendency to hail faster economic growthCountries, both rich and poor, have been long pursuing long policies for fast-growing the volume of material goods and services available to their citizens. When growth rates of close to double-digit levels have been recorded, it has been customary to brand such countries as fast-growing nations.
There is validity in such branding since it makes available to the present-day citizens a bigger basket of consumable goods and services. Since bigger is considered better, it has been presumed that the living conditions of people in such countries have also improved.
The objective of any society is to offer better living conditions to its members. Thus, countries that attain higher economic growth rates year after year have been hailed as “achievers” and all other countries have been encouraged to join the club of such achievers.
