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Submitted by Hassan on

I am not sure I agree with the view that successive governments have been 'reactive' and not focused on the longer-term. So a few examples of pro-active policies which have had major long term implications (i) industrial policy for the pharmaceutical industry mentioned in the blog which led to low-cost medicines and led to a few becoming major exporters (ii) policies which gave the garments sector its competitive advantage (bonded warehouses / back to back L/c) (iii) the CCT program mentioned in Qaiser's comment above which raised girls enrollment. Moreover so-called reactive and proactive policies also overlap. For instance at the central bank we deal a lot with day to day issues but while dealing with them we typically change our regulations or make decisions keeping in mind the medium term outlook for the economy e.g. the current liberalization of forex rules we are engaged in is premised on the fact that Bangladesh will be even more integrated with the rest of the world in ten years time.