Positive & Negative Impact of Safta on 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

Commodities account for 57% of the value of total exports, so that a downturn in world commodity prices can have a big impact on the economy. The government is pushing for increased exports

In the case of the South America various efforts has been done but success is still far away. Though bilateral ties between two economies are quite frequent the multilateral cohesive economic integration is still not there. This is mainly because the countries in the region are quite different some are very poor and small while some are the most developing countries of the world such as Brazil which has a huge economy. This will create a problem for the

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

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According to this treaty, dry port of Lahore (Pakistan) can easily accessible to Afghanistan for trading purpose and Afghanistan can use this port for trading goods to India. During late 90s and early 2000s, there was a huge trading of different good and services from Pakistan to Afghanistan. Economists find that the chief reason for this massive trading between these two neighbouring countries is that they share common border with each other. A smooth road name Torkhum Highway connects Pakistan with Afghanistan. From Peshawar, one of the major cities of Pakistan, Afghanistan is just 4-5 hours’ drive. Therefore it is very easy to trade goods and services to Afghanistan. Freight cost is minimum due to which Pakistani products are sold at lower prices in Afghanistan and because of lower prices the demand for Pakistani products is very in

Bangladesh is a very weak and undeveloped country and has some of the worst health and nutrition data. Bangladesh is a parliamentary democracy with 6 divisions and 64 local districts. Bangladesh used to be a part of Pakistan before the turmoil in Pakistan caused Bangladesh to become its own independent country in the 1970s. Much of the nutrition, education and economy is damaged because of the swell in population growth and political issues. in 2000 the World Health Organization approximated 35 to 77 percent of the water in Bangladesh contains arsenic. However, the country has improved and education, the economy and nutrition baselines have risen closer to expected outcomes.

The population of the Asia region of the world contributes a massive amount of exporting goods, and global business as a whole. The sheer number of people consuming goods that must be imported to support the large population force the need for trade with other regions. The demand for resources is high and the need to develop strong trade relations with other countries is vital to the continued growth and success of Asian countries.

The Larsons, a blue collar American family out of Northern Missouri, were one of many families torn apart by the worst trade deal in American history: The North American Free Trade Agreement, commonly known as NAFTA. While the “top dogs” of multinational organizations were able to profit, the working-class suffered dearly. Despite their incrediblework ethic, Chris and Amanda Larson lost their job at a large manufacturing plant, and were unable to find new work due to NAFTA. Jobs fled the United States like ducks from a hunting dog during the late 90s after the addition of Mexico to NAFTA. Sadly, for the next several years Chris, Amanda, and their three children would lack proper food in their diet, clean clothes on their body, and a stable

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

The topic of international relations has been gaining significance in the modern world following the increase in the popularity of globalization and the need for peaceful coexistence between nations. The high rate of advancement of communication technology, complex global economy, faster means of transport and an increase in value for cooperative relationships are vital to the global society (Almoni 1). A positive relationship between countries, especially the neighboring ones is expected to facilitate the formulation of effective trade agreements. In addition, the issue of immigration or movement of people from one country to another cannot

China is now the third largest market for Indonesia’s product exports behind United States and Japan. The largest import of China from Indonesia is the coal, crude palm oil (CPO), and natural rubber. Most of the Indonesia commodities export to China is the input of China manufacturing activities. In addition, since the ASEAN China Free Trade Agreement (ACFTA) has been signed, there is an increasing trade integration between ASEAN countries and China (Chandra & Lontoh 2011).

Despite the positive advances, there are many issues that need to be overcome by “BRICS” members to move ahead. From internal, economical, infrastructural (India, Brazil, China) and energy matters to political and country disputes (such as India - China), economical sanction from world economies over Russia are issues that currently intervene for the full development of “BRICS” economic and political partnership.

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.