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Natural Resources of Bangladesh

Natural Resources of Bangladesh

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Published by Ma Bashar

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Published by: Ma Bashar on Jun 29, 2012
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What are the natural resources of Bangladesh? How these can be used?
Best Answer - Chosen by Voters
The principal resources of Bangladesh are the fertile soils of the delta region, thelong growing season, and the heavy rainfall suitably distributed over the year for growing rice and jute. The nation's abundant water supplies are used to producehydroelectric power and for irrigating farmlands during the dry season. Althoughminerals have traditionally been economically unimportant, the country has largereserves of natural gas and some petroleum deposits. Natural gas is piped intoDhaka and CHITTAGONG for industrial use. There are also large deposits of low-grade coal, mined at Jamalpur.I must add that Bangladesh's natural resource is huge in terms of low-cost artisans,sea-farers and empowered women with tailoring skills. Her rieverine and coaster fish and sea food resource bas`e is very substantial. All these including the fertilesoil is as yet untapped/ underutilized in terms of potential production and moreimoportantly productivity growth due to lack of adequate investments, inadequateopening up to foreign investments, land reforms besides political instability,terroism and corruption. Notes:1. Economy : East Bengal--the region that was to become East Pakistan and nowBangladesh -- was a prosperous region of South Asia until modern times. It had theadvantages of a mild, almost tropical climate, fertile soil, ample water, and anabundance of fish, wildlife, and fruit. The standard of living compared favorably
 
with other parts of South Asia. As early as the thirteenth century, the region wasdeveloping as an agrarian economy. It was not entirely without commercial centers,and Dhaka in particular grew into an important entrepôt during the Mughal Empire.The British, however, on their arrival in the early seventeenth century, chose todevelop Calcutta as their commercial and administrative center in South Asia. Thedevelopment of East Bengal was thereafter limited to agriculture. The colonialinfrastructure of the eighteenth and nineteenth centuries reinforced East Bengal'sfunction as the primary producer--chiefly of rice and jute--for processors andtraders in Calcutta and beyond.The partition of British India and the emergence of India and Pakistan in 1947severely disrupted the former colonial economic system that had preserved EastBengal (now East Pakistan) as a producer of jute and rice for the urban industrialeconomy around Calcutta. East Pakistan had to build a new industrial base andmodernize agriculture in the midst of a population explosion. Pakistan's five-year  plans opted for a development strategy based on industrialization, but the major share of the development budget went to West Pakistan, that is, contemporaryPakistan. Blame was placed by various observers on the West Pakistani leaderswho not only dominated the government but also most of the fledgling industries inEast Pakistan. More information about the economic exploitation is available.Post Independence Bangladesh had to face the devastation wrought by earlier economic exploitation during the Pakistan era as well as destruction of criticalinfrastructure during the war. After many years of economic problems, Bangladeshhas started to rebound with steady growth in recent years.AgricultureMost Bangladeshis earn their livings directly or indirectly from agriculture. Rice
 
and jute are the primary crops; wheat is assuming greater importance; and tea isgrown in hilly regions of the northeast. Bangladesh's fertile soil and normally amplewater supply yield three rice crops in many areas. Through better flood control andirrigation measures, more intensive use of fertilizers and high-yielding seedvarieties, increased price incentives, and improved distribution and rural creditnetworks, Bangladesh's labor-intensive agricultural sector has achieved steadyincreases in foodgrain production.Bangladesh Ministry of AgricultureFoodgrain production in 1992 was about 20 million metric tons, a 5% increase over the previous year. Rice is Bangladesh's principal crop, although yields per hectareare among the lowest in Asia. While rice output rose 3.2% in 1992, much recentgrowth in foodgrain output can be attributed to the irrigated spring crop, which hasincreased steadily due to the greater availability of fertilizer and irrigationequipment. Wheat production also is expected to rise from 900,000 to about 1million metric tons in 1992. Jute, which historically has accounted for the bulk of Bangladesh's export receipts, faces an uncertain future due to competition fromsynthetic fiber substitutes. Fishing, especially for shrimp, has become anincreasingly important source of export earnings.Basic Information on Agriculture of BangladeshArea of Bangladesh 147570sq.kmTotal population (January 1999) 128.1 millionGDP (1998-99) 755.73 billion Tk.GDP Growth rate (1998-99) 5.2%Agricultural Growth rate (1998-99) 5.0% No. of Rural Household 17.83 million

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