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Showing posts with the label trade and globalization

Slower economic growth predicted for Bangladesh

Bangladesh would face a slower economic growth during the current fiscal predicts the World Bank. However, it said that Bangladesh would enter the middle-income country group by 2021 if its employment rate increases by 2 percent per year. Over the past five years, the average growth rate of Bangladesh was 6.1 percent. This growth has particularly been as a result of the population growth, increase in productivity and enlargement of labour force participation in foreign lands and growth of local businesses. Though employment increased over the past couple of years, the employment rate remained stagnant for the country. The government's initial economic growth target was 7.2 percent for 2013-14 fiscal year, which has became unachievable due to the recent unrest that disrupted most of the services. The World Bank predicts, coupled with the unrest, the weak manufacturing exports, lack of growth in the agricultural sector and the increasing domestic consumption and investment dem...

How globalization affected Bangladesh...

The meaning of globalization is not limited to international relationship anymore, it affects a country's other aspects such as communication, economy, modern technology, politics, sports/ recreation,culture and so many other things, not to mention the business sector. Due to globalization there are factors that count in the Human Development Index that makes Bangladesh stand out in the crowd. Here is an informative post on effect of globalization on Bangladesh's economy and social customs.