The Foreign Trade of Bangladesh - Its Composition, Performance, Trend, and Policy

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

.The gain in the amount of investment in manufacturing sector is one of the major contributor toward the shift from the exports of primary products to exports of manufacture products. (How

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.

Cuts in protection have increased imports but the increased efficiency has led to a comparable rise in exports. The value of exports plus imports of goods and services has risen from 32% of GDP in 1975 to 48% of GDP in 2000 (ABS), reflecting

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 decline in the cost of production due to an increase in the cottage industry.

Foreign demand for a primary product may also limit economic growth as demand for a particular commodity will cause an increase in demand for a country’s currency, thus resulting in the appreciation of the currency. This would reduce the competitiveness of the country’s manufactured exports, thus leading to a decrease in the financial resources gained from exports which could have enabled the country to raise the level of economic welfare to encourage development.

This report has been prepared to meet the requirements on the basis of reasons effecting Bangladesh due to Globalization.

Consolidated revenues of 1,656.55 billion in the financial year 2011-12. Number of employees: 55,000 plus.

On a GAAP basis, pre-tax income of $2.4 billion and earnings of $1.83 per share.

As countries, we are continuously concerned in distinguishing where we are and where we are going. For this assignment our CLC will take a look and begin to better understand how Germany has developed, while simultaneously understanding how Jamaica is developing. Our CLC group will prepare a report incorporating the following information on Germany and Jamaica. We will employ the country 's top five exported and imported products for the most recent year available. Furthermore, we will employ the country 's top five trading

The Government of Bangladesh has always been concerned about the sector's growth and has played an active role as a catalyst to solve various complexities, whenever intervention was necessary.

Bangladesh as a developing country also trying to contribute to reduce the imbalance of food security. But because of so many lacking, Bangladesh cannot move forward. Though they have taken so many initiatives for food security recently, but those are not sufficient comparatively to our growing population.

The best alternative would be improve the infrastructure, and increase the price of exporting, but still lower than any other country. Bangladesh would make a larger profit and could put more money on fixed and creating the ports and roads which in return will make it easier for the buying countries. If the prices continue to stay low, the country may not have enough money for infrastructure. Bangladesh would have more money to help with the electricity outages which can also help business buy producing more and exporting more.