The significance of political stability

The reassuring factors which are necessary to make the vital forecasts for a nation even in the short run, are presently considered as uncertain in Bangladesh . Rather apprehensions of Bangladeshis as well as outsiders are deepening in respect of the country’s stability from its worsening political confrontation.
This is no doubt, unacceptable for a nation which is burdened by very formidable economic problems. Common sense dictates that the only way it can ever expect to rise above these problems to start enjoying a reasonably decent economic existence is to set its political house in order so that greater economic opportunities can be created and sustained long into the future.
Faster and higher economic growth is the universally proven and peddled prescription to overcome poverty and bring economic benefits to the greatest number of people in a country.
The benefits of economic growth may be skewed, it may favour certain sections of people above others. But even the trickle down from such growth is considered to be favourable for the poor than no growth or less growth.
But this supreme aspiration of faster and higher economic growth on a long term basis in Bangladesh stands threatened by the present political situation. Economic growth just does not happen. It depends on a variety of factors that mainly relate to investment conditions in a country.
But among these factors, one factor is rated to be indispensable in the taking of vital investment decisions which in turn determine whether a country will experience economic growth or not. A country may have comparatively less to offer to investors in different areas. But even then, investors may not call off their investment plans in that country if they find that political stability will prevail in it over the long run to provide security of their investments or reasonable returns from them which would not be possible if their operations are too disrupted by political turmoil. It is very regrettable that the present political instability in Bangladesh is mainly the outcome of unreasonable adamancy on the part of the main opposition party, BNP, to force the present government to surrender to its demand of forming a caretaker government for holding elections that would promote only its own political designs or smoothen its plan to go to power. It does not matter whether its demand is unconstitutional or the other experienced grave dangers for democracy usually seen linked to caretaker governments in our context. BNP must have its way regardless of the price to be paid while forcing the imposition of its demand on the country. It is high time for all concerned ones in this country to close ranks and clearly express their rejection of the unconstructive demand of the BNP.