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Introduction
Bangladesh revealed as a free country in the world map in 1971. From then
Bangladesh saw many political ups & down. Before independence politics
was for welfare of the general people. But the matter of regret is by the
passage of time politics become a money making field rather than welfare of
society. Whoever possessing the power are misusing his/her power to fulfill
own interest. That’s why there is always a confliction between the governing
political party & opposition party. Hartal or strike is used for political
purpose by the opposition party. When they disagree about any issue they call
for hartal as an act of constitutionally sanctioned right rather than negotiate
with government in parliament. Historically, calls for hartals in Bangladesh
are made by major political parties when they lose their grip on positions of
power which has become economical terrorism.
What is Political turmoil ?
Political turmoil is a term often used to describe a state of extreme
unrest, unease or agitation, in relation to a government or other
policy-making body. In particular, countries with complicated or
conflicted histories are often said to have had periods of political
turmoil.
IMPACT OF CURRENT POLITICAL TURMOIL ON ECONOMY
The most affected field on the economy is in the business sector especially in
RMG sector, export import oriented among the adverse effect. Decrease of
normal transaction in bank results a huge amount of liquidity stored at every
branch of commercial bank that creates high risks in operating banking activities
during hartal. An analysis of the UNDP data on hartals show that between 1947
and 2002 an estimated 1,172 hartals were observed in Bangladesh, while 611 of
them took place from 1995 to 2002 since democracy in the country
The most affected field on the economy is in the business sector especially in
RMG sector, export import oriented among the adverse effect. Decrease of
normal transaction in bank results a huge amount of liquidity stored at every
branch of commercial bank that creates high risks in operating banking activities
during hartal. An analysis of the UNDP data on hartals show that between 1947
and 2002 an estimated 1,172 hartals were observed in Bangladesh, while 611 of
them took place from 1995 to 2002 since democracy in the country. The
influences are briefly describing below.
CONTINUED….
UNDERPRICE AGRICULTURE PRODUCTS
Now entire agriculture is falling down. Farmers have stopped selling vegetables since they do
not get enough prices to meet up production cost let alone profit. Middlemen are offering low
prices to farmer telling that transportation cost has been increased because a lack of
transport movement.
SUFFERINGS OF DAY LABOURERS
During the period of hartal, they can’t go their work. For this
purpose they can’t earn money. Their income is very limited
which is not sufficient to maintain their family and they can’t
teach their children properly.
PRICE HIKE & ROTTEN VEGETABLES
Prices of essentials, especially vegetables & fish have been increased with the
sufferings of low and middle groups. Goods from outlying areas could not reach
the capital timely due to hartal, price witnessed a fresh hike because of the
transportation problem caused shutdown.
IMPACT ON TRADE & COMMERCE
Hartal affects the entire production and supply chain. Manufacturers had to cut production
to avoid jam at warehouses. The recent shutdown affected production in factories as all
workers cannot attend work.
At Chittagong Port, the shutdown caused a dip in delivery of imported products, forcing
importers to count huge losses for overstay of their imported goods in the port yards.
IMPACT ON EDUCATION SYSTEM
Hartal delayed education, which can have severe long term effects
on younger people’s future prospects. Moreover frequently
reschedule of SSC & HSC exam also effects the preparation of the
students and for this reason results also be affected. According to
UNDP report, 97% of their respondents felt that hartal have
negative effect on education system.
ConclusionThe consequences of hartal in terms of economic costs is huge that has
great negative impact on our economy. While the negative economic
consequences of hartal draw a great deal of attention, its economic
losses could not be recovered. The political turmoil in the first quarter
of 2015 cost Bangladesh one percent of its GDP, or $ 2.2 billion, says the
World Bank. Economic growth would have between 6.4 and 6.6 percent
in the ongoing 2014-15 fiscal, if there were no political turmoil it would
be increase rapidly.
The only way to resolve political hartals is to reach understanding and
argument through dialogue and negotiation between the government in
power and the opposition to resolve the issues that sparked off the
hartals.
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