Know where we stand in the eyes of global watchdogs | The Business Standard
Skip to main content
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
June 17, 2025

Sign In
Subscribe
  • Latest
  • Epaper
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JUNE 17, 2025
Know where we stand in the eyes of global watchdogs

Analysis

Shakhawat Liton
23 February, 2020, 10:35 am
Last modified: 23 February, 2020, 01:46 pm

Related News

  • TIB report on EC formation one-sided: Information Minister
  • World Bank aims to replace canceled 'Doing Business' report in two years
  • Bangladesh slips in global corruption perception index
  • Global watchdog keeps Pakistan on terrorism financing 'gray list'

Know where we stand in the eyes of global watchdogs

We have learned little from global best practices in transparency and good governance

Shakhawat Liton
23 February, 2020, 10:35 am
Last modified: 23 February, 2020, 01:46 pm

Whenever a global index is released, the results are mostly bad news for us.

Be it on the rule of law, corruption, democracy, or freedom of the press – all our rankings repeatedly reflect the poor state of almost everything in Bangladesh. We are mercilessly judged by global independent watchdogs.

The latest two indices on the Quality of our Education, by The Economist Intelligence Unit, and Pervasive Financial Secrecy, by the Tax Justice Network, are therefore nothing new. They just reiterate that Bangladesh lags behind in skill-based education and its financial system abnormally lacks transparency – allowing rich individuals and criminals to hide and launder money.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Take some more major global indices released annually – they no-longer surprise us as we can predict their findings. 

On the Corruption Perceptions Index by Transparency International, we have continuously been at the bottom, indicating that all our measures to curb graft have proven ineffective.

Corruption cannot be reduced without an effective rule of law system. Unfortunately, the state of our rule of law is also ailing as Bangladesh ranked 112th out of 126 countries on the 2019 index – like in previous years. 

Effective rule of law not only reduces corruption, it combats poverty and disease plus protects people from injustices. Experts say it is the foundation for communities of justice, opportunity, and peace – underpinning development, accountable government, and respect for fundamental rights. 

Traditionally, the rule of law has been viewed as the domain of lawyers and judges. But, experts say, everyday issues of safety, rights, justice, and governance affect us all; everyone is a stakeholder in the rule of law.

The state of the rule of law speaks to the state of democracy in a country. After restoring democracy three decades ago, Bangladesh has been branded a "hybrid regime" on the Democracy Index by The Economist Intelligence Unit. A hybrid regime combines autocratic features with democratic ones. 

For a vibrant democracy, freedom of the press is an inevitable element which is largely absent in Bangladesh – according to the World Press Freedom Index by the Reporters Without Borders.

The poor state of the freedom of the press cannot play a strong role in holding the government accountable.  

A lack of transparency in how the government functions remains one of the major causes behind poor governance in the country. This pervasive culture keeps infusing fresh blood to raise officials above scrutiny. The culture of secrecy sucks out the lifeblood of the economy and contributes to corrupt practices.

We have learned little from global best practices in this regard.

Sweden is a shining example of a transparent government.

More than 250 years ago, Sweden introduced a law to curb secrecy by empowering the media and people with the right to information. This was possible in the 1960s when Sweden was a kingdom.

Sweden is now a free and open society. Its government is legally obliged to disclose information on par with the openness strategy that exists in the country. The country is praised in almost every global index – be it on corruption, the rule of law, democracy or the freedom of the press.

The Swedish standard of living and quality of the country's economic growth are also praise-worthy. Finland, a country once part of the Kingdom of Sweden, looks equally as exemplary as Sweden.

The USA provides another example of how transparency in how the government functions is ensured by protecting freedom of speech and the media.

More than 230 years ago, the USA introduced a constitutional provision saying Congress will make no law abridging freedom of speech, press and expression. This has been contributing for decades to enhancing living standards, growing the economy plus cementing checks and balances among the state's functionaries.

One undeniable point is that people need an atmosphere in which they are free of being intimidated by state machineries for expressing their thoughts. If they feel scared to express themselves innovative ideas die within their minds.

However, despite all the unpleasant judgements passed against us by global independent watchdogs, we may find some solace.

Some global financial institutions and renowned economists are praising our economic growth. We are one of the five fastest growing economies in the world. They also praise our success with reducing poverty and child mortality.

However, the critical assessments by global independent watchdogs on various issues question the quality of our GDP growth – which only measures the amount of goods and services we produce in a year, but cannot measure our well-being.

Our economy is growing in an unfavorable atmosphere. Take the Doing Business Index by the World Bank – Bangladesh stood at 168 on the last index. Over the years, various measures have made it difficult to operate a business. 

Moreover, we cannot feel proud if we consider other indicators like: employment; rising inequality and social injustice; the poor quality of education and health; environmental degradation, plus an ailing banking sector and weak capital market.

The global watchdogs will continuously judge us mercilessly until we can improve our rankings on their indices. If we can improve our rankings, we will brighten the country's image globally.

Take the Scandinavian countries as an example of good governance. Sweden, Denmark, Finland and Norway remain at the top of all global indices. The quality of their growth and living standards are better than almost all the economies in the globe. 

Top News

Global watchdog / Corruption Perceptions Index by Transparency International / Business Index by the World Bank

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographics: Duniya Jahan/TBS
    How Israel's secret nuclear arsenal comes under spotlight amid attacks on Iran
  • Acting Foreign Secretary Ruhul Alam Siddique speaks at a press conference, on the security of Bangladeshi expatriates in Iran, on Tuesday, 7 June 2025. Photo: TBS
    Around 400 Bangladeshis under serious threat in Tehran, relocation starts: MoFA
  • US President Donald Trump arrives at the White House on Marine One from Camp David, in Washington, US, June 9, 2025. REUTERS/Evelyn Hockstein/ File Photo
    Israel-Iran air war rages as Trump says he 'may' send Witkoff or Vance to meet with Tehran

MOST VIEWED

  • Former Bangladesh High Commissioner to the UK Saida Muna Tasneem. Photo: Collected
    ACC launches inquiry against ex-Bangladesh envoy Saida Muna, husband over laundering Tk2,000cr
  • Infograph: TBS
    Ship congestion at Ctg port lingers as berthing time rises
  • BNP leader Ishraque Hossain held a view-exchange meeting with waste management officials and Dhaka South City Corporation staff inside Nagar Bhaban on 16 June 2025. Photos: Hasan Mehedi
    Ishraque holds Nagar Bhaban meeting as 'Dhaka South mayor', says it’s people’s demand
  • Power Division wants Tk56,000cr PDB loans turned into subsidy
    Power Division wants Tk56,000cr PDB loans turned into subsidy
  • Bangladesh to open new missions in five countries to boost trade, diplomacy
    Bangladesh to open new missions in five countries to boost trade, diplomacy
  • Screengrab from the viral video showing a man claiming to be a journalist conducting a room-to-room search at a guesthouse in Chattogram
    Viral video of guesthouse raid by 'journalist' in Ctg sparks outrage, legal questions

Related News

  • TIB report on EC formation one-sided: Information Minister
  • World Bank aims to replace canceled 'Doing Business' report in two years
  • Bangladesh slips in global corruption perception index
  • Global watchdog keeps Pakistan on terrorism financing 'gray list'

Features

The Kallyanpur Canal is burdened with more than 600,000 kilograms of waste every month. Photo: Courtesy

Kallyanpur canal project shows how to combat plastic pollution in Dhaka

26m | Panorama
The GLS600 overall has a curvaceous nature, with seamless blends across every panel. PHOTO: Arfin Kazi

Mercedes Maybach GLS600: Definitive Luxury

1d | Wheels
Renowned authors Imdadul Haque Milon, Mohit Kamal, and poet–children’s writer Rashed Rouf seen at Current Book Centre, alongside the store's proprietor, Shahin. Photo: Collected

From ‘Screen and Culture’ to ‘Current Book House’: Chattogram’s oldest surviving bookstore

2d | Panorama
Photos: Collected

Kurtis that make a great office wear

4d | Mode

More Videos from TBS

Rising default loans threaten jobs, growth, trade

Rising default loans threaten jobs, growth, trade

1h | TBS Insight
Trump signs order confirming parts of UK-US tariff deal

Trump signs order confirming parts of UK-US tariff deal

1h | TBS World
What’s the position of the superpowers in Iran-Israel war?

What’s the position of the superpowers in Iran-Israel war?

2h | Podcast
Shahjalal Bank MD’s Take on the Banking Sector

Shahjalal Bank MD’s Take on the Banking Sector

31m | Corporate Talks
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net