The cost of politics in Bangladesh

This study contends that the escalating cost of politics, particularly around the candidate nomination process and election campaigns, impedes the effective functioning of political institutions and the overall democratic ecosystem. For the purposes of this research, the term "cost of politics" is employed as a framework to elucidate the interconnections among electoral nomination processes, campaign financing, and their implications for the electoral process and the quality of democratic governance at large.
This approach emphasises the expenditures incurred by individuals seeking political office rather than focusing solely on those absorbed by political parties.
Consequently, the study examines all costs incurred throughout the election cycle—from a candidate’s initial decision to run for election to the conclusion of their elected term. This broader concept of the "cost of politics" encompasses both monetary expenditures and in-kind contributions and provides a more comprehensive understanding of the financial landscape upon which electoral politics is fought.
The key findings of this study emphasise the need to lower the financial barriers associated with political participation significantly. Reducing the cost of politics is crucial for fostering grassroots leadership and nurturing intra-party democracy. Empowering individuals based on their capabilities rather than the financial resource at their disposal has the potential to open up opportunities to a diverse set of leaders from various social strata, including marginalised groups such as women, youth, and those from underrepresented ethnic backgrounds. This inclusivity is vital for achieving a truly representative democracy.
Establishing clear and transparent legal and monitoring frameworks for the disclosure of candidates' wealth and the sources of their campaign financing will be a cornerstone for ensuring parties function as democratic entities. Such transparency will enhance public confidence in the electoral process, deter corruption, and promote ethical conduct among politicians. The study also highlights the importance of a robust institutional framework that supports national integrity to enforce practical and proactive monitoring mechanisms that ensure that the selection process is fair and equitable.
The recommendations put forth by this study seek to pave the way for inclusive participation of political aspirants by shifting from a wealth-dominated political spectrum to an ideology and value-oriented political spectrum. The prior government's focus on development initiatives, frequently compromising democratic principles, has allowed affluent groups to gain access to powers that they can wield to expend their political influence through the strategic use of incentives, privileges, and the accumulation of wealth and authority. In this context, the fundamental value of authentic grassroots representation is frequently sidelined, leading to a political landscape heavily skewed towards elite interests that rarely reflect the voices and needs of the wider population. In response to this, the report suggests actionable recommendations and strategies for fostering inclusive and participatory electoral processes, which are vital for cultivating a more robust and meaningful democracy for all Bangladeshis. institutions to be a part of the political transparency processes. These entities need to be reformed.