Atiur for more public investment in human capital

Bangladesh Bank Governor Dr Atiur Rahman has suggested the developed economies to make more public investment in innovation and human capital through universities and research centers where from developing countries could also be benefited.
The central bank Governor, now in Kazakhstan, made the suggestion Wednesday at a session at Astana in Kazakhstan on ‘Secular Stagnation in the Global Economy’ of the World Anti-crisis Conference, inaugurated by Bakhyt Sultanov, Deputy Prime Minister and Finance Minister of the Republic of Kazakhstan.
Dr Atiur also attributed sluggishness of global recovery to underinvestment in the developed economies with lax monetary policies injecting too much money, creating asset price bubbles, according to a central bank release.
“But, this is not touching real economic outcomes. Yet, this may not end up in secular stagnation provided developed economies make adequate public investment in infrastructure and encourage private investment with necessary incentives,” he said, according to UNB.