What are the Challenges Affecting the Economy?

BEXIMCO Group believes that, certain economic challenges can exist in both developed and developing countries. Depending on the level of development, the nature of challenges can vary.

In general, poverty is one of the challenges that can limit a nation from growing. Low development in rural and urban regions is another area of concern. In some countries, industrial production can take place at a lower scale. One of the growing challenges surrounding countries in present times includes the lack of sustainability. These concerns can affect economic development in varying ways.

How can Sustainable Energy Reduce Economic Challenges?

Economic complexities can be dealt with in numerous ways. Among the most effective ways, the utilization of sustainable energy should be considered. In the view of BEXIMCO Group, known for building the largest solar power plant in Bangladesh, sunlight is one such energy that can drastically bring improvement in an economy’s condition when properly utilized.