NEW YORK, NY-October 15, 2014 – About 100 Baruch College students gathered inside Engelman Recital Hall to listen and learn about Bangladesh and its economic development. The panel discussion, “An Insight to Bangladesh’s Economy,” held on October 14, was coordinated by the Bangladesh Student Association at Baruch with support from the Office of Student Life.
The panelists included Abul Maal Abdul Muhith, Finance Minister; Dr. A.K. Abdul Momen, Bangladesh Ambassador and Permanent Representative to the United Nations; and Dr. Terrence Martell, Saxe Distinguished Professor of Finance and Director of the Weissman Center for International Business.
Abdul Muhith said Bangladesh has made significant strides in human and social development including progress in gender equity, universal primary education, food production, health and population control. But, Bangladesh continues to face many political, economic, social and environmental challenges, including political instability, corruption, poverty, overpopulation and climate change.
Abdul Muhith encourages the young generation to bring awareness to climate change and environmental issues.
“Bangladesh has made great progress and is doing well,” Abdul Muhith said. “Climate change is not only in Bangladesh. It is global. Young people in college campuses should start a movement, so global leaders can come forward to face this challenge. If we can create a mindset of acceptability then we can create a sustainable, peaceful world.”
Identified as a Next Eleven country, Bangladesh is a developing nation and a rapidly growing market-based economy. Dr. Momen said it is one of the world’s leading exporters of textiles and garments.
“Globalization has made a big difference in the economy,” Dr. Momen said. “My own country is a beneficiary of globalization. We are the second largest exporter of garments, but we do not produce cotton. We import elements of the process and increase the value of the product. This is how our economy has improved.”
Dr. Martell, an expert in international commodity markets, acknowledged the opportunity Baruch students have to learn from global business leaders like Abul Maal Abdul Muhith and Dr. A.K. Abdul Momen. He said Baruch students should remember that they are being given a learning opportunity that other countries, like Bangladesh, cannot provide.
“Baruch students are inspirational to me. All of CUNY is the pathway to the middle class. I expect all of you to be a success. That success comes from learning through events like this one. This is one of the few places in America where you can get access to excellence, not access to debt.”
About Baruch College:
Baruch College is a senior college in the City University of New York (CUNY) with a total enrollment of more than 17,000 students, who represent 160 countries and speak more than 100 languages. Ranked among the top 15% of U.S. colleges and the No. 4 public regional university, Baruch College is regularly recognized as among the most ethnically diverse colleges in the country. As a public institution with a tradition of academic excellence, Baruch College offers accessibility and opportunity for students from every corner of New York City and from around the world. For more about Baruch College, go to http://www.baruch.cuny.edu/.
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