FORCE: Focus on Research in Contemporary Economics

Importance and Utilization of Technology in Agricultural Economics: Evaluating the challenges & prospect for Bangladesh

Furkan Ali — 2025-08-29

In order to liquidate Bangladesh's agricultural industry to meet rising productivity demands, resource restrictions, and climatic issues, it is imperative that sophisticated technology be integrated into agricultural economics. In order to transform farming methods and guarantee food security, this study investigates the application of biotechnology, the Internet of Things, and artificial intelligence (AI). Crop yield optimization can be achieved through AI-driven farming and real-time monitoring, while competitive positioning and effective resource usage are encouraged by market tactics including value chain analysis and strategic management. Economic constraints, infrastructure deficiencies, and the sluggish adoption of digital technology are impeding Bangladesh's agricultural economy. This essay assesses the potential and difficulties of integrating technology into Bangladeshi agriculture, highlighting how these advancements have the opportunity to revolutionize production and sustainability. The report highlights the potential of technology to address important agricultural restrictions and foster environmental resilience by showcasing case studies in shrimp illness detection, salt-tolerant rice farming, and biogas production.

Foreign Aid and Economic Development

Javed Khan — 2025-08-29

This paper investigates the interaction between foreign aid and economic growth to determine whether financial support from international organizations promotes self-sufficiency or places a country on the dependent and unsustainable path. The research analysis is therefore based on the theoretical and empirical analysis conducted on the history of aid including post world war II Marshall plan and the current aid types in the developing economic region. Analytics based on econometric regression analysis have been made accompanied by comparative case-studies of the countries which have already moved beyond the tendency of aid-dependency or those still remaining to be fully dependent on external funding. Available research shows that aid does work depending on the quality of governance, institutions, as well as the quality of implemented policies. While countries like South Korea and Rwanda have used aid for more industrialization and long run economic development, Haiti, DRC has just lived in the loop of aid dependency due to bad governance structures and institutions. This review also focuses on issues like fungibility of aid, Dutch disease effects, conditionality and its effect on aid amongst others, therefore recognising the need for aid restructuring or reformation. Through examining the effects of aid on economic growth and growth in governance decade and economic diversification this paper seeks to make a contribution to the ongoing discussions towards understanding how aid should be restructured in order to foster and support sustainable development. It has implications for policy makers, development agencies, and the multilateral development banks, and underscores the necessity for leveraging foreign aid with policy reforms, better governance, investment in human capital, and pathways away from dependence on aid.

Ayvalık's Culture and Art Potential, Swot Analysis, Solution Suggestions

Sabriye Çelik Uğuz — 2025-08-29

Cultural assets constitute the history, collective memory and identity of a city. These are; old and modern monuments, archaeological sites, historical places, commercial-industrial spaces, architectural structures, streets, squares, cultural landscapes, old and ongoing cultural practices, traditional-local products, collections, archives, libraries, second-hand bookseller-bookstores, art venues and works. Ayvalık which has many of these cultural and artistic values is a remarkable destination. The aim of the study is to create a culture -art inventory of Ayvalık and to show the development of the district with its cultural and artistic values. For this purpose, Ayvalık's culture-art inventory was created and the current situation, potential for cultural tourism and art tourism were examined with the SWOT analysis technique. As a result of the findings, applicable and sustainable solution suggestions were presented.

Modeling the Gross Domestic Product of Tanzania from 1960 to 2023

Mary Mwingira — 2025-08-29

Gross Domestic Product (GDP) is a crucial indicator of a nation’s economic performance, reflecting overall economic activity and guiding policy formulation. Accurate GDP forecasting is essential for economic planning, especially in countries like Tanzania, where external shocks such as the COVID-19 pandemic had significantly influenced economic trends. Despite the importance of GDP forecasting, limited studies have analyzed the effectiveness of time series models in predicting Tanzania’s GDP before and after major economic shocks.

This study employed the Autoregressive Integrated Moving Average (ARIMA) model to forecast Tanzania’s GDP at current prices, comparing pre- and post-COVID-19 trends. The research utilizes historical GDP data from 1960 to 2023, obtained from the World Bank. The Box-Jenkins methodology is applied to identify and validate the best-fitting ARIMA model based on statistical criteria such as AIC, BIC, and RMSE. The findings indicate that the ARIMA (0,2,1) model effectively captured Tanzania’s GDP trends, offering reliable short-term forecasts. However, external factors such as inflation, global economic fluctuations, and structural inefficiencies continue to pose challenges to long-term economic stability.

The study highlights the significance of integrating time series forecasting into economic decision-making, enabling policymakers to anticipate economic shifts and implement evidence-based strategies.

The Nexus between conventional Basel frameworks and financial instability mitigation prerequisites

Mohamed Miras Marzouki — 2025-08-29

This article discusses theoretically the notion of risk stemming from the financial sector with a perspective closely linked to criteria involving various financial stability related aspects of risk.

It reinvigorates the conventional Basel framework in its second third and fourth versions by attempting to elucidate their shortcomings afferent to their purview and scope and tries to complement them by enunciating the requirement of setting a prudential framework that tackles the issue of financial instability emanating from the stock market for the scope of going deeper inside the fundamentals of risk stemming from the Stock market and a thorough early warning approach dealing with the issue of the hindrance of time reaction mismatch of the prudential authority and hence the priority of setting a long run forwarded guided prudential surveillance methodology to avoid the surprise effect of unforecasted events that might erupt abruptly for the purview of the scope of predicting forthcoming risks in advance.

The early warning purview unveils the requirement of ensuring in advance resilience from the onslaught of financial crises for the sake of annihilating threats to financial stability over the long run and reveals to be the best initiative to take in order to solve the contingency of having to deal with unexpected risks that might arise abruptly and should have been dealt with in advance as time reaction simultaneous to actual occurrence of hindrances is not affordable.