Please join StudyMode to read the full document. Development is both a process and a project. As a process, it refers to changes occurring in countries defined variously as undeveloped, underdeveloped, developing, emerging, and newly industrializing. Economic development refers to the raising of the productive capacity of a country through the introduction of policies designed to enhance the productivity of land, labor and capital, raise standards of living and reduce or alleviate the poverty of the inhabitants of the country. At a minimum, economic development has a growth and a distributive dimension.
Rise of Bangladesh: An economic success story
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The contribution of income tax is playing a pivotal role in the economic development of Bangladesh Development of Bangladesh has taken various measures to modernize the tax system. In an industrial enterprise established prescribed within prescribed time limit in the prescribed area shall be exempted from tax for certain period. The main objective of this scheme is to ensure economic development of Bangladesh. On the other hand Investment allowance is given on the investment new machineries. Depreciation allowance is allowed on the new machine it rise used in various industries at a specified rate.
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Please join StudyMode to read the full document. The Role of Agriculture in Indonesia Economic Development Indonesia can be categorized as an agrarian nation, where the role of agriculture in Indonesia economy really significant. Agriculture sector in Indonesia has a role in: a providing job opportunity for the majority of labor force, b producing foods for the nation, c raw material producer for industrial sector, and d strengthening food security and rural development. The role of agriculture becomes more important when Indonesia in the middle of economic crisis.
You can download a copy of this video presentation here. This is a fascinating economy to look at when building your contextual awareness in development economics. Bangladesh is emerging from a low-income to lower-middle income status but is it too dependent on the heavily subsidised Ready-Made Garment RMG sector which totally dominates their export pattern and accounts for millions of jobs? Can they meet the huge infrastructure deficit which threatens to undermine the process of urbanisation and transition to a more diversified economy?