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The Impacts of Mncs in the Economy of Bangladesh

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The Impacts of Mncs in the Economy of Bangladesh
1.1 BACKGROUND OF THE STUDY

In the age of capitalism the Multinational Companies are the part and parcel of the economy of a country.A Multinational Company is company which is originated in a country (home) and expands its activities through the world.

The Indian Sub-continent has been an exquisite land of attraction for the businessmen since a long been.Bangladesh, after achieving birth in 1971 had become a fascinating body by the MNCs. As capitalization is going on through the world the MNCs are given an unwritten license to expand their business over the world. In this sequel action American Life Insurance Company ltd. Launched in Bangladesh as a first ever MNC. Since then to today around 100 MNC have been competing in Bangladesh.

If we consider the prior period of liberation war, we get launching of a lot of companies in Bangladesh. Among them Standard Chartered bank (BD) ltd, British American Tobacco (BAT) Bangladesh ltd. is most renown. BAT came in East Pakistan (now Bangladesh) in1945.Standarad Chartered Bank came in Bangladesh in 1948.Another business conglomerate Aventis (now Sanofi Aventis ) launched in Bangladesh in 1973.so coming of a lot of foreign companies in Bangladesh still going on .Ours have a large population and low cost labor force as well. As a result MNCs are enjoying a smooth pave to come in Bangladesh. As far could able to analyze about the MNCs they are the holders of ton wealth. In the background of Capitalism their wealthy hand played a vital role.

After the industrial revolution in Britain a lot of MNCs got birth. Since then the expansion of the business of MNCs has been going on with a great speed together with technological development and other prospects. Manipulation of markets has been back to the fold due to the upper hand of MNCs

1.2 OBJECTIVES OF THE STUDY

The specific objectives of our seminar paper are follows-
• The ultimate goal of this seminar paper is find out the economic contribution and social


References:  Shahriar Mahmood Rassel: Area sales executive, Nestle Bangladesh ltd.  Syed Morshed Kamal: Regional Manager, Sylhet. British American Tobacco Bangladesh.  Economic Review of Bangladesh-2006  Economic Review of Bangladesh -2007  Economic Review of Bangladesh -2008  Economic Trend- Online Edition  The Daily Star( Star Business pages from august 2008 to 20th March 2009)  The Financial Express.
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