‘Aggregate demand, supply must match monetary, fiscal policies’

Experts at an international conference said on Sunday that the aggregate demand and supply should be matched with monetary and fiscal policies as well as the efficiency of dependence on the local economy be prioritized.

Referring to a research conducted by Thai experts, they said online learning cannot be completely substitute to classroom-based learning rather the most desirable learning model is a hybrid model of classroom-based learning as the main method with online learning as a complement.

Entrepreneurial Economists Club (EEC) of Dhaka School of Economics (DScE) organized the virtual conference titled “New Normal and COVID19: Impact on Economic-Business Strategies and Management of Supply Channel” with the participation of both local and foreign experts, said a press release today.

Eminent Economist, Prof. DrQaziKholiquzzaman Ahmad attended the conference as chief guest.

While addressing, Dr. Ahmad laid emphasis on social capital accumulation, ethical values and morality.

He said under new normal situations entrepreneurial economics will play a vital role as different sectors of the country were affected and new poor were created all over the world.

DrYashoda Krishna Durge, associate professor at GNVS Institute of Management, India and RukminiDurge presented how COVID-19 hit threefold impact on retailers in the Indian economy and it adjusts style in the new process.

Dr M Shamsuzzaman, director at ACI formulation, showed pictorial impact on the value addition process of the supply chain management in the globe.

DrShakilaYasmin, associate professor at Institute of Business Administration, University of Dhaka narrated several breakthroughs in supply chain management based on empirical evidences of her study.

Professor Dr Muhammad Mahboob Ali said digital policy, robotics, use of artificial intelligence and innovative skills may build a mass employment and enhance the value for ICT.

Experts also opined that COVID-19 has disrupted both domestic and global supply chains, but a new normal situation will prevail in the post pandemic scenario where people will have to explore and choose between life and earnings.

To this end, vaccine should be sold in the free market which needs to be prioritized by each country, and intellectual property rights should not be a burden to access in procuring and producing quality vaccine across the globe, they opined.

A total of three separate Technical sessions took place simultaneously while four concept papers and sixteen subject specialized papers were presented in the conference.