Globalization and Bangladesh

Topics: Globalization, International trade, World Bank Pages: 22 (6189 words) Published: May 7, 2013
Globalization and Bangladesh
Globalization and its effects in Bangladesh

Innovative Boys

“Globalization and its impacts in Bangladesh”
Course Name: Globalization and Business
Course No: IB-302
Submitted to:
Shamsun Arefin
Department of International Business
Faculty of Business Studies
University of Dhaka
Submitted by:
Innovative Boys
4TH Batch, 5th Semester
Department of International Business
Faculty of Business Studies
University of Dhaka

List of group members:
S.N| Name| Roll|
01| Jobayda Zakir Juthi| 05|
02| Md. Mahadi Hasan Manik| 10|
03| Shahnewaz Kabir| 16|
04| Md. Jashim Uddin Mollah| 19|
05| Md. Jahir Hasan| 22|
06| Ariful Islam| 39|

Date of Submission: 20 April, 2013

This Assignment is the result of a co-operative and mutually supportive exercise among the all group members. We take pleasure to thank our honorable course teacher, Shamsun Arefin for giving us the opportunity to work on such an important topic and for his genuine support and valuable recommendation. We also thank other group member’s assigned same topic for being instrumental in providing information for the report and providing all sorts of support. It was very refreshing to meet each one of them and share our thinking and opinion with one another. However, we recognize that our opinion, discussion, and conclusion including any errors and omissions contained within this report are of our own.


Over the past decades, globalization has now become a 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-à-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.

Serial no| Name of contents| Page|
01.| Introduction: 1. Background of the Assignment: 2. Origin of the Assignment: 3. Objectives: 4. Data Collection: 5. Limitations of the study:| 6-7| 02.| Definition of Globalization| 8-9|

03.| Scholar’s comments on globalization| 10|
04.| Impacts of regional free trade agreement on Bangladesh economy| 11| 05.| Trade liberalization in Bangladesh and its role in export expansion| 12| 06.| Globalization impacts on Bangladesh| 13-14|

07.| The factors that make globalization beneficial for Bangladesh| 15-16| 08.| Impact of globalization on Bangladeshi economy, business and standard of living since 2000| 17-20| 09.| The ways of facing or overcoming the challenges of globalization| 21-23| 10.| The challenges or problems for Bangladesh to face the impact of globalization...
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