Business Environment and Development Prospect Bangladesh

Bangladesh are not nearly as strong, and their economic strengths pale in comparison to Australia’s. Australia are blessed in regards to resources and they are geographically close to one of the largest growing regions of the world, Asia. Australia’s economy is also incredibly resilient, Australia being one of only three countries not to record a period of economic contraction since data begun being recorded in 1991. The only real economic strength of Bangladesh, on the other hand, is that countries like China, Japan and Australia are beginning to outsource labor to Bangladesh, and this gives work to Bangladeshi citizens and brings money into the

There are several major factors contributing to Bangladesh’s poor growth. Some of which are, but not restricted to, limited exports,

From a perilous beginning, Bangladesh has attained notable advancements in economic and social development in about four decades. Since it won its independent in 1971 following a bloody war, many, in the international community were doubtful about the country’s long-term economic sustainability. Some observers predicted a state of continuing aid dependency, while others believed if a country with such enormous and innumerable development problems as Bangladesh could make strides in development, then possibly other developing countries could as

In Bangladesh there have been many problems due to the small market and their extremely low cost. So for american companies like Walmart, H&M, Tommy Hilfiger,etc bangladesh is a goldmine because they produce quality work and at a very cost. Although with their low cost there is a high demand for their goods, which rushes the production process resulting in injury.

It is notable here that, Bangladesh is going to middle income earning country and according the many leading economic and finance expert it is to be the 23rd largest economy in the world by 2050 whereas many European nations will have smaller economies and less social security than us. The rise emerging market will boost the country’s employment, entrepreneurial and better living standard for everyone. As there already are many globally recognized accounting, finance and think tank organizations working within the country and I am highly positive to secure a brighter future for myself on my return to

Many governments, especially in industrialized and developed nations, pay very close attention to foreign direct investment because the investment flows into and out of their economies can and does have a significant impact.

Foreign direct investment by multinational corporations is the action of obtaining controlling equity share of a firm in a foreign country. There has been many discussions about the role of FDI in affecting a country’s unemployment rate and economic growth. Of which many believed

FDI allows the home country to invest into the host country to produce, advertise, and distribute products, in order to upsurge their market share and provides a long-term investment and enhancement. (Moosa, 2002)

Bangladesh, officially known as the ‘People's Republic of Bangladesh’ worldwide, is a country in South Asia. It shares land borders with India and Myanmar. Bangladesh is the world's eighth most populous country with a population of 163 million (as of the year 2016) in a total area of 147, 570 square kilometers. Dhaka has been the capital city of Bangladesh since the country achieved independence in the year 1971. Bangladesh has a market-based mixed economy, is one of the Next Eleven emerging markets. Its per-capita income was US$ 1,190 in the year 2014, with a GDP of $209 billion (bdnews24.com, 21 May 2014). Bangladesh has the third-largest South Asian economy (after India and Pakistan) and the second-highest foreign-exchange reserves (after India). The Bangladeshi diaspora contributed $15.31 billion in remittances in the year 2015 (The Daily Star, 3 July 2015).

The bank extends its loan facility to create employment and achieve economic growth in rural Bangladesh. It provides loan to farmers, fish and shrimp cultivators, and micro entrepreneurs. They may have loan for agro equipment and other expenditure related to production. All the efforts are targeted to employment generation and self employment. Well, all these loans are at easy terms.

Bangladesh is a small South Asian country that boarders the Bay of Bengal and India. Bangladesh is a developing nation that has experienced steady economic growth over a sustained period of time. However, economic growth alone does not make a nation fully developed. Using W.W. Rostow’s 5 stages of development1, the economy of Bangladesh will be analyzed and compared to the economy of the United States of America (USA). The development of Bangladesh will be determined using relevant economic and social data found in the CIA World Fact Book and other sources.

There is no dout that foreign direct investment (FDI) plays a very significant role in economic growth, according to experiences of new industrial countries in Asia. Over a decade of opening for FDI, we could realize that the more FDI inflows pour into our country the more we benefit. In fact, FDI has contributed a great proportion to fulfill targets on socio-economic development plan and has been one of the most important external sources of Vietnam on the process of industrializing and modernizing the country.

Bangladesh has got a population of around 150 million (2011) with a life expectancy at birth of around 63 years, and an adult literacy rate of 47.5%. The recent Human Development

Bangladesh is a south Asian country and has an approximate population reaching 164 million. The manufacturing industry is what Bangladesh is known for. That industry also accounted for almost 12% of GDP in 2009 and 2010 with employing over four million people (The Bangladesh Accord Foundation, 2014). The labor force is made up of young, urbanizing, mainly women. Bangladesh accounts for approximately 78% total exports (The Bangladesh Accord Foundation, 2014), which is second to China.

FDI stock of developing countries increased from $2349348 in 2004 by 17.3 percent in 2005, which constitutes 27.0 percent of gross domestic product (GDP) of these countries. Among the developing economies, China is the forerunner with a share of 21.6 percent of total FDI inflow to developing countries in 2005, which is 14.3 percent of GDP. An underdeveloped county like Bangladesh has also realized the importance of FDI, where stock of FDI inflow increased by 13.2 percent in 2005 from $ 3098 million in 2004, which was 5.7 percent of their GDP.