Covid-19 and Blue Economy of Bangladesh: Resilience, Opportunities, and Challenges

Proceedings of ‏The 7th International Conference on Opportunities and Challenges in Management, Economics and Accounting

Year: 2021

DOI:

[Fulltext PDF]

Covid-19 and Blue Economy of Bangladesh: Resilience, Opportunities, and Challenges

Md. Rezaul Haque

 

ABSTRACT: 

Covid-19 has become the total destructive way of all economic sectors of almost all countries of the globe. Almost all countries are affected and mesmerized due to attack of corona virus or Covid-19. More than 54 million people are infected and more than 1.3 million people  are died due to  corona virus pandemic globally. Bangladesh is no exception. Already numerous number of people are infected and many of them have taken their last breathe. Like the other sectors of the economy, blue economy which is one of the most emerging sectors of the economy of Bangladesh has been severely impacted due to Covid-19 and deadlock as well as lockdown situations. There is no certainty of vaccination confirmation from the global medical experts.  But this situation cannot be far longer for the overall macroeconomic situation and for the sake of sustainable development and the successful completion of SDGs.  Like the other economic sectors of an economy, Blue Economy activities should also be resumed and strengthened horizontally. The article has a focus on the resilience measures to adapt with the horrible nature of Covid-19 to sustain blue economy. At the same time, the study has a sanguine effort as well as sincere endeavour to address the opportunities for reshaping and redesigning of blue economy of Bangladesh from the lessons of Covid-19. The study has also an effort to detect the challenges of blue economy impacted or created by the demon Covid-19 and finally the study extracts some recommendations for the overall adaptation or development of blue economy of Bangladesh during the pandemic Covid-19 period as well as post pandemic Covid-19 proper functioning of blue economy of Bangladesh.

Keywords: Covid-19, Blue Economy, Resilience, Opportunities, Challenges, Bangladesh.