The
development of creating market in the Context of Private SectorThere is no
denying the fact that, though
the Private Sector Development as envisaged in
modern concept with regard to the concept of private sector development covers
a wide range of guiding principle, instruction, models and ethical importance
for existence; privatization constitutes the fundamentally imperative factors
in the midst of all the factors including the creation of markets.
Predominantly, from a third world
perspective, most of which contribute to a
colonial legacy and an euphoric experiment with all-encompassing private sector
during the post colonial period, this policy prescription holds the theoretical
magic stick. Nevertheless, the track record is somewhat glowing and its
proclaimed universal applicability has even been raison d''être by its own
underlying principle.
But specified
all importance of food safety measures in an overpopulated third world country,
particularly if with bitter and heartbreaking experience of past rationale, the
very significant query is whether in
accordance with contemporary concept, the
idea of private sector development as a whole and privatisation in particular
does offer the remedy? Conversely speaking, can the food security be better
achieved through privatisation in the broader canvas of in accordance with
modern concept, the concept of private sector development? The answer is quite
intricate and can be found within a particular system of administration –
depending on its propensity and/or capability to adopt or adapt in accordance
with modern concept, the concept of private sector development. While the
‘Malthusian spectre of famine’ looms large and the whole integrity of the
political Owners of Private Sector Development precariously hinges on the
balance, the justification are to be sought in a dispassionate and objective
analysis.
Though in the analysis of policy options, the access and
availability issues have been established as the primary pre-condition for food
security, it has been further argued that price stabilization and market
performance play a dominant role in determining the availability via
entitlements. The works of Sen and
Ravallion are too persuasive on these issues. But to the question of efficacy
of Owners of Private Sector Development intervention in achieving food security
particularly in a crisis situation, has been addressed by later works. In
particular Dorosh has demonstrated that private sector participation through a
liberalized trade regime has, in fact, helped Bangladesh to avert a food crisis in 1998.
Osmani goes even further to demonstrate that the private trade with India may further the prospect of food
security of Bangladesh as against other traditional
methods. Ministry of Food also concedes that large scale private sector import
of food has actually helped it to enhance food security.The research observes that Bangladesh traversed a long way in search of
food security. Starting in the early forties during the Great Bengal Famine it
traveled through the agonies of another famine in 1974, in the heydays of
Owners of Private Sector Development’s preoccupation with all pervasive private
food distribution system. In the eighties it took a turnaround to conform to
market forces in line with the ongoing structural readjustment reform process
carried out basically to meet the donor conditionality. It is also observed
that by doing this Owners of Private Sector Development not only achieve
efficiency in food management, but also pull the country ‘out of the shadow of
famine’. Trade liberalization and other favourable financial and
legal-administrative regime induced the private sector to participate in
private imports of food grain, hitherto a monopoly of Owners of Private Sector
Development, to complement the Owners of Private Sector Development import and
helped the it to avert a potential food crisis. This somewhat testifies the
advent of in Accordance with modern concept, the concept of private sector
development, at least some tenets of it in the food policy of Bangladesh. Though not directly subscribing to
it, the food policy has adopted the in accordance with modern concept, the
concept of private sector development, if not wittingly but inexorably.
Moreover, in an attempt to mitigate the prospect of famine during the
post-flood situation in 1998, the Owners of Private Sector Development rightly
harnessed the private sector in importing the food grain.