Country in deep crisis
Md. Asaduzzaman, Dept. of sociology, University of Dhaka
Today (03/01/'07) the Awami League led grand alliance decided not to participate in the January22 election and withdrew their nomination papers. The country is facing another blockade on January 7and 8. The people of Bangladesh got relief when the 14-party alliance decided to participate in the upcoming election and their candidates also started the election campaign but the sudden blow came when all of the five nomination papers submitted by HM Ershad were rejected by the Election Commission. Before he joined the grand alliance the Awami League severely criticised him for his decision to join the four-party alliance, but today they won't participate in election without him. On the other hand, Mr. Mannan Bhuiyan had expressed his satisfaction when Ershad wanted to join them but today at a press briefing Mr. Bhuiyan completely changed his position (because Ershad didn't join the four-party alliance). So both alliances are now fighting for a dead horse that suddenly has got new life and the country's economy will swallow the bitter taste, already lamented by economists and businessmen that the current political instability would discourage Foreign Direct Investment (FDI). Not only that, the export sector will be hurt badly for being short of orders as political instability may distract buyers from other countries. Without FDI the job opportunities can't be extended and the unemployment rate will increase. We, the young people, are the sufferers. If the export sector fails, new entrepreneurs won't emerge and again the sufferers would be the youths who are in the hunt for jobs. Those who wish to set new business will think twice before investing. Here is another bad news for us that the expatriates, who send their hard earned money, would hesitate to send remittances to the country. We are in trouble. I have no idea about the alternative but it will be devised very soon by the young generation!
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