
Economists on Sunday said that institutional and regulatory quality, which would be a defining factor in becoming a sustainable higher middle-income country, could not be achieved in an authoritarian system. Mirza M Hassan, senior research fellow of BRAC Institute of Governance and Development, said that capitalists influenced the functioning of democracies by direct participation in politics. At the 6th SANEM Annual Economists’ Conference 2023 held at the BRAC Centre Inn in the city, they said that a dominating capitalist class had fully captured the state mechanism.
Economists on Sunday said that institutional and regulatory quality, which would be a defining factor in becoming a sustainable higher middle-income country, could not be achieved in an authoritarian system. Mirza M Hassan, senior research fellow of BRAC Institute of Governance and Development, said that capitalists influenced the functioning of democracies by direct participation in politics. At the 6th SANEM Annual Economists’ Conference 2023 held at the BRAC Centre Inn in the city, they said that a dominating capitalist class had fully captured the state mechanism.