Shaping policy towards businesses
Friday, 5 October 2007
The government in Bangladesh needs to shape up its policy in a constructive matter at the fastest. Why this has not happened in the last nine months is an enigma. But now, no further extension of this state of affairs is possible without paying a heavy economic price.
In South Korea, the chairman of the world famous Hyundai company, was charged for corruption recently. But this has not resulted in a halt of the full functioning of this giant industrial conglomerate. Government there decided that Hyundai was too big a national asset to be sacrificed for the corruption of a single person. Government policies in that country has ensured the full functioning of the industrial empire while also punishing its owner in proportion to his crime.
The same model should apply in case of relatively large business houses in the context of Bangladesh. The contributions of such houses to the national economy must not be turned off for the reason of punishing of some of their owners. The two must be dealt with as separate issues.
Abdur Rahim
Uttara, Dhaka
In South Korea, the chairman of the world famous Hyundai company, was charged for corruption recently. But this has not resulted in a halt of the full functioning of this giant industrial conglomerate. Government there decided that Hyundai was too big a national asset to be sacrificed for the corruption of a single person. Government policies in that country has ensured the full functioning of the industrial empire while also punishing its owner in proportion to his crime.
The same model should apply in case of relatively large business houses in the context of Bangladesh. The contributions of such houses to the national economy must not be turned off for the reason of punishing of some of their owners. The two must be dealt with as separate issues.
Abdur Rahim
Uttara, Dhaka