Oligarchy as a constraint to development.

Abstract

The article titled "Oligarchy as a Constraint to Development" by M. Azizur Rahman published in The Daily New Nation on November 10, 2013, examines how entrenched oligarchic structures impede socio-economic progress in developing countries. It discusses how power concentrated among a small elite—whether in political, bureaucratic, or business circles—can limit democratic participation, suppress innovation, and obstruct inclusive policymaking. The piece highlights that such oligarchies often prioritize their own interests over national development, leading to inefficiencies and corruption. The article advocates for institutional reforms aimed at decentralizing power, enhancing transparency, and fostering inclusive governance to overcome these developmental constraints.