seminar on Political Economy of Millennium Development Goals: A Critical Assessment of Achievement and Strategies

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Dr. M Moniruzzaman, Associate Professor of Political Science, International Islamic University Malaysia (IIUM) shared an aspect of his research in a well-attended seminar on 6 September 2015 at its conference hall of BIIT. The topic of the seminar was ‘Political Economy of Millennium Development Goals: A Critical Assessment of Achievement and Strategies’. Shah Abdul Hannan, President of BIIT presided over the seminar while Prof. Dr Abulhasan M Sadeq, Vice Chancellor, Asian University of Bangladesh and Dr Abdul Latif Masum, Professor of Government and Politics dept., University of Jahangirnagar were present as discussants.

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  • BIIT seminar on Political Economy of Millennium Development Goals: A Critical Assessment of

    Achievement and Strategies

    Dr M Moniruzzaman, Associate Professor of Political Science, International Islamic University Malaysia

    (IIUM) shared an aspect of his research in a well-

    attended seminar on 6 September 2015 at its

    conference hall of BIIT. The topic of the seminar was

    Political E c o n o m y of Millennium Development

    Goals: A Critical Assessment of Achievement and

    Strategies. Shah Abdul Hannan, President of BIIT

    presided over the seminar while Prof. Dr Abulhasan

    M Sadeq, Vice Chancellor, Asian University of

    Bangladesh and Dr Abdul Latif Masum, Professor of

    Government and Politics dept., University of

    Jahangirnagar were present as discussants.

    The seminar began at 3:00 pm with the recitation of verses from the Quran followed by a thankful address

    from Abdullah Al-Amin, Assistant Director of BIIT. He

    welcomed everyone to the seminar and also

    presented the activities of BIIT in brief getting request

    from the chair of the seminar.

    Following the welcoming remarks, Dr Moniruzzaman,

    at the very beginning of his lecture, described

    Millennium Development Goals (MDGs) a s a noble

    i n i t i a t i v e to achieve eight major goals adopted by

    the UN in 1990s to be achieved during 2000-2015.

    He then stated that this noble initiative deserves

    critical assessment of its achievement and strategies

    as its time frame is approaching to an end. He uttered that this study has looked into the achievement

    level of the MDGs in 35 countries that are categorized as Highly Indebted Poor Countries (HIPCs). The

    speaker argued that about one-third or less of the countries has met few targets but most countries are

    either seriously off targets or achieved insufficient

    progress. He also argued that the non-achievement is

    largely due to dependency on foreign capital; inability

    of the countries to allocate higher percentage from

    domestic GDP due to low savings and due to

    international political and financial systemic influence.

    The global war on terror created more political

    instability in the countries while the global financial

    crisis of 2008 cut the aid flow to those countries and

    destabilized domestic economy. Even though, the

    HIPC countries are politically independent, they cannot

    act in isolation from the global political and economic s t r u c t u r a l influence.

    Dr Sadeq in his discussion expressed a great doubt in having any specific plan of the govt. to fulfill the

    MDGs in targeted time along with yearly plan, five year plan and so on. He spoke out, as MDGs targets

    are not contradictory with Islam, so, we could treat the goals in Islamic perspective that might

    strengthen its achievement.

  • Dr Masum said that out of 8 goals of MDGs, there are

    no problems in first 7 goals. The problem is with last

    one, i.e. in developing a global partnership for

    development. He told that money is not a problem in

    development. The problem is in using money in

    development purpose. As this study is not a full

    picture of the situation, the presenter has been

    requested to do another study in this regard so that

    the interested one could get the full picture.

    Shah Abdul Hannan in his speech said that all the

    goals of MDGs are important, not contradictory

    with Islam. He pointed out one of the major

    reasons of the countries in failing to reach the

    target of MDGs in time is not to play the role of

    rich countries properly.

    The lecture was followed by an animated Question

    and Answer session during which members of the

    audience engaged with Dr. Moniruzzaman, asking

    relevant questions and sharing their thoughts on. In

    short, the topic had clearly touched quite a few

    chords and stimulated much discussion.