Globalization and Its Impact on Bangladesh Economy

Topics: Economics, Globalization, Economy Pages: 23 (6890 words) Published: March 30, 2013
“Globalization and its
Impact on
Bangladesh Economy”
(ECO 360, Section: 1)

Assignment on “Globalization and its impact on Bangladesh Economy”.

Subject: ECO 360 (Socio-Economics Profile of Bangladesh)
Section: 1

Submitted To: Muhammad Mahboob Ali
Adjunct Faculty,
Department of Economics,
East West University.

Submitted By:
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In the preparation and finish this assignment, we acknowledge the encouragement and assistance given by a number of people and institution. We would like to express our gratitude to our faculty at East West University; Mahboob Ali for providing us detailed feedback and advice on this assignment. He always gave us his suggestions in making this study as flawless as possible.

We also like to thank our group members for co-operating me in many troublesome tasks. And never the less above all our heartiest thanks goes to all mighty Allah without his help. We would not be here.

Letter of Transmittal

Date: 23th November, 2012
Muhammad Mahboob Ali
Department of Economics,
East West University

Subject: Submission of Assignment.

It’s our great pleasure to submit the assignment. A study was making on a economics sector that you have asked us to prepare and we select “globalization impact on Bangladesh economy” to study. We have tried our best to follow the instruction that was given by you.

Throughout this study we tried to identify whether globalization play positive or negative impact on our country’s economy. As well as, we also discuss the overall condition of our country’s economy also.

We sincerely hope that you will enjoy this report as we enjoyed while writing it. If you need any further clarification or quarry in interpreting this analysis, we will be glad to oblige you.

Thank you.

Over the past decades, globalization has now become a new world order, new world order, which virtually influences everything that comes in our mind. Developing countries like Bangladesh with vulnerable geopolitical locations and weak economies are now looking at globalization to strengthen their economy to fight any perceived threats. But the increasing role played by the western dominated institutions such as, the World Bank (WB), International Monetary Fund (IMF), and the World Trade Organization (WTO) in setting the rules under which globalization is played, has placed developing countries in a much disadvantageous position vis-a-vis the developed countries. However, a closer look at the globalization will show that it has both positive and negative impacts on the economy of Bangladesh. A thorough understanding of the effect of globalization is needed to use its advantages to improve her economy. This may also help Bangladesh maintain a sustained growth in the face of likely economic peril. This paper studies both negative and positive impacts of globalization on some selected economic sectors of Bangladesh. It also studies some ameliorative measures to overcome the negative impacts and also the ways to exploit the opportunities created. Finally the paper recommends some measures for Bangladesh to meet the challenges of economic globalization.

Table of Contents
No.| Topic| Page|
1.| Introductiona) Generalb) Motivation and Significance of the Researchc) Research Questions| 7 - 8| 2.| Literature Reviewa) Globalization as a phenomenon.b) The positive impact of globalization.c) The negative impact of globalization.| 9 - 12| 3.| Objective of the Study| 13|

4.| Methodology| 14|
5.| Limitation of the Research| 14 |
6.| Analysisa) Overall Economic Condition of Bangladesh.b) Opportunities of Globalizationc) Challenges of Globalization| 15 - 25| 7.|...
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