Economics under Circulation must be Supported by Political Approach for Macroeconomic Stability with Special Reference to Bangladesh

Author:Muhammad Mahboob Alia*, José G. Vargas-Hernándezb

Abstract:
Superior supremacy with institutionalization and environmental scanning can support along with extending formal sector and growth with equity, removing social injustice, and dropping income inequality in an emerging economy like Bangladesh. Macroeconomic stability can help to attain excellent circumstances for the overall socio-economic scenario of a country provided a circular economy can work. SDG 10 is very important for the social and financial inclusion of the inhabitants. The research question of the study is whether the circular economy can help to attain substantial, planned, and participatory democracy to progress institutional participation through good Governance for attaining macroeconomic stability. From the study, it was observed that contributory and participatory governance preparations are customary for pro-people governments and can be considered as a criterion for good participation in endorsing the circular economy to attain dynamics of macroeconomic stability in an emerging economy like Bangladesh. Prime Minister Sheikh Hasina of Bangladesh proved her political maturity by free and fair election on 7th Janaury, 2024 and transformed to great statesperson of the earth.

Keywords:Key Words: Democracy, Institution, Circular Economy, Political economy, Macro Economic Stability, Equity, Justice, Inequality.

DOI:10.46333/ijtc/12/2/10

International Journal of Trade & Commerce (Vol: 12 Issue:2)