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Bangladesh may benefit from Obama victory

Fallout from the ongoing financial turmoil on the world’s economy may ease soon, as this issue will be the main agenda for newly elected US President Barack Obama, said economist Zaid Bakht yesterday.

“The Democrats manage the economy better than the Republicans. I think the world’s economy will stabilise soon. When the global economy gets stable, the whole world, especially the LDCs such as Bangladesh, will benefit from it,” said Bakht, research director of Bangladesh Institute of Development Studies (BIDS).

Quoting some policies announced during the election campaign for Obama, Bakht said Bangladesh would rather get special treatment in exports of garment items to the US market thanks to the new government.

Speaking to The Daily Star, Anwar-Ul-Alam Chowdhury Parvez, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), echoed Bakht.

Chowdhury said Bangladesh would benefit from the policies of the new US government.

November 5, 2008 - Posted by | Bangladesh, Politics | ,

1 Comment »

  1. […] Bangladesh may benefit from Obama victoryWhen the global economy gets stable, the whole world, especially the LDCs such as Bangladesh, will benefit from it,” said Bakht, research director of Bangladesh Institute of Development Studies (BIDS). Quoting some policies announced … […]

    Pingback by Bangladesh » Chinese help in sea row sought - Saudi Gazette | November 6, 2008 | Reply


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