Overcoming challenge posed by confrontational politics

Bangladesh presently has been likened by some analysts to a ship in the high seas without its navigation equipment. A ship is bound to drift without such aids. It cannot determine its course, regulate its path and steer successfully in the stormy sea.
The way the two main political parties are fast getting ready, as if for a physical fight to the finish, is creating great portents about normal life and living of the people in Bangladesh and about the functioning of its economy. Apprehensions of Bangladeshis as well as outsiders are deepening about the viability of the country.
This is no doubt, unacceptable for a nation which is burdened by some 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.
The best weapon against poverty, unemployment and poor standard of living is economic growth. 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. This growth also needs to be on a long lasting basis, not just sound growth over one or two years followed by reverses in the next.
Only continuous good economic growth over a long period of time can significantly improve income at the national and individual levels for a country like Bangladesh to shake off the yoke of poverty.
But this supreme aspiration of faster and higher economic growth on a long term basis in Bangladesh stands threatened by the 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.
The foreign direct investment (FDI) flow to Bangladesh could be substantially reduced further, in the present year and beyond if the current political situation and prospects of street showdowns and other acts of violence centering on the same, persists.
This would be only proving the theory of linkage between economic growth or investment operations with political stability. Not only FDIs, the rate of domestic investment and the overall productivity of the economy, will also take a nose-dive if the current political stand-off is not resolved at the fastest and the worst fears of a long drawn out political confrontation is allowed to run its full course.
It is very regrettable that the main opposition party is helping to keep alive the confrontation by its senseless stand of not showing any spirit of compromise on the caretaker government issue for holding elections. It is thought that if opposition members come to parliament and make out a case for their viewpoints on modalities of holding elections, then an effective dialogue can be initiated between them and the ruling party leading to a probable understanding on the issue. Indeed, this eminently sensible course has been suggested for the umpteenth time by leading lights of the ruling party. But the opposition is showing no interest. It seems they want to keep alive the confrontation deliberately to gain political mileage out of the same at the cost of the country and specially its economy.