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Submitted by Akhtar Mahmood on


You are right about the ability of successive governments to maintain macro-stability, including an ability to react to a variety of shocks. It appears that the government in Bangladesh is good at holding the steering wheel steady and reacting sharply to the rash driver in the next lane. But has it been good at seeing what lies 100 miles ahead? Can it develop an ability to push the accelerator harder while still keeping the car stable? Conservatism and reactiveness has served the country well so far. But is not time to develop bolder visions and proactivism? What will it take for the government to make a paradigm shift in this direction? Is there something in the conservative/reactive paradigm that the government can build on or will this have to be a completely radical shift?