Drivers of Revenue Generation in the Blue Economy of Bangladesh: A Case Study on the Chattogram Sea Port
Author: Fakir Tajul IslamDOI: doi.org/10.70279/bmj-v4-i1-1001
Click here to view citation data
Blue Economy is a blessing for an emerging economy like Bangladesh. After achieving a new maritime boundary, it becomes more significant for economic development utilising ocean resources. Considering this phenomenon, this paper aims to find out the drivers of revenues in the context of the Blue Economy of Bangladesh. The study has confined itself to the Chattogram Sea Port and its operations. Itis based on historical data ranges from 2009 to 2018. The methods of research analysis were descriptive statistical tools, tabular and graphical analysis. The study has found out that the Chattogram Sea Port (CSP) has been contributing to the Blue Economy of Bangladesh. The major drivers of revenue generation are living resources, minerals, energy and transport and trade at the seaports.CSP generates most of its revenues from the export-import, containersand vessel management. Expenditure control can also enhance the revenue of CSP. Proper planning and policies can expedite the growth of the Blue Economy in Bangladesh. The effort should be balanced between proper planning and effective execution.
| Item | Value |
|---|---|
| Serial | 9 |
| Article PDF | Download |
| Total Citation | Click here to view citation data |
| How to Cite | |
| Article Page Views | 958 |
| Article Downloads | 1 |
| Article Volume | Volume 04 |
| Article Issue | Issue 1 |
| Article DOI | doi.org/10.70279/bmj-v4-i1-1001 |
| Article Conference Acronym | |
| Manuscript Number | |
| Status | Show |
| Article Slug | drivers-of-revenue-generation-in-the-blue-economy-of-bangladesh-a-case-study-on-the-chattogram-sea-port |
| Article Keyword | Blue Economy, Revenue Generation, Chattogram Sea Port, Bangladesh |
| Article Entry Time | 16:19:25 |
| Article References | Blue Economy Concept Paper (2012). The Rio+20, United Nations Conference on Sustainable Development, 2012, Reo de Janeiro, Brazil. Chattogram Port Authority (2018). Annual Reports. Retrieved from http://www.cpa.gov.bd/ site/view/annual_reports/ Chowdhury, M.H. (2019a). What is the blue economy? Retrieved from https://www. dhakatribune.com/opinion/op-ed/2019/08/22/what-is-the-blue-economy-2 [accessed on November 1, 2019] Chowdhury, M.H. (2019b ). Blue Economy: Roadmap for Bangladesh’s Economic Journey. Retrieved from https://www.daily-sun.com/printversion/details/388102/2019/04/27/BlueEconomy:-Roadmap-for-Bangladesh%E2%80%99s-Economic-Journey [accessed on November 1, 2019] European Commission (2019). The EU Blue Economy Report. 2019. Publications Office of the European Union. Luxembourg. Hasan, M.M., Hossain, B.M.S., Alam, M.J., Chowdhury, K.M.A., Al Karim, A. and Chowdhury, N.M.K. (2018). The Prospects of Blue Economy to Promote Bangladesh into a Middle-Income Country. Open Journal of Marine Science, 8, 355-369. https://doi. org/10.4236/ojms.2018.83019 Hossain, M.S. (2001). Biological Aspects of the Coastal and Marine Environment of Bangladesh. Ocean & Coastal Management, 44, 261-282. https://doi.org/10.1016/S0964-5691(01)00049-7 Islam, M. K., Rahaman, M., & Ahmed, Z. (2018). Blue Economy of Bangladesh: Opportunities and Challenges for Sustainable Development. Advances in Social Sciences Research Journal, 5(8) 168-178. Monjur Hasan, M., M. Sajjad Hossain, B., JobaerAlam, M., M. Azam Chowdhury, K., Al Karim, A. and Md. Khaled Chowdhury, N. (2018) The Prospects of Blue Economy to Promote Bangladesh into a Middle-Income Country. Open Journal of Marine Science, 8, 355-369. DOI: 10.4236/ojms.2018.83019. OECD (2016) The Ocean Economy in 2030. OECD Publishing, Paris, http://dx.doi. org/10.1787/9789264251724-en Roy, R.K. (2017). Blue Economy: Prospects And Challenges. Retrieved from https://www. daily-sun.com/magazine/details/256349/Prospects-And-Challenges/2017-09-22[accessed on November 1, 2019] World Bank (2018). Toward a Blue Economy: A Pathway for Sustainable Growth in Bangladesh. Retrieved from http://documents.worldbank.org/curated/en/857451527590649905/ pdf/126654-REPL-PUBLIC-WBG-Blue-Economy-Report-Bangladesh-Nov2018.pdf [accessed on November 1, 2019] |