...PART-1 1. Concept of globalization: Globalization means the coming together of different societies and economies via cross border flow of ideas, finances, capital, information, technologies, goods and services. The cross border assimilation can be social, economic, cultural, or political. But most of the people fear cultural and social assimilation as they believe this would have a negative impact on the existing culture of their society. Globalization therefore has mostly narrowed down to economic integration and this mainly happens through three channels; flow of finance, trade of goods and services and capital movement. Globalization is a term that includes a wide range of social and economic variations. It encompasses topics like the cultural changes, economics, finance trends, and global market expansion. There are positive and negative effects of globalization - it all comes as a package. Globalization helps in creating new markets and wealth, at the same time it is responsible for extensive suffering, disorder, and unrest. The great financial crisis that just happened is the biggest example of how negative globalization can turn. It clearly reveals the dangers of an unstable, deregulated, global economy. At the same time, this gave rise to important global initiatives, striving towards betterment. Globalization is a factor responsible for both repression and the social boom. What happens when there is a growing integration of economies across the globe? Majorly...
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...| |[Year] | | |Grizli777 | | | | | |SOHEL | |[Type the document title] | |[Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the | |document here. The abstract is typically a short summary of the contents of the document.] | ACKHOWLEDGEMENT It is my great pleasure to convey my deep respect and indebtedness to my teacher Dr. Md Azam Khan, Chairmen, Department of Economics, Jagannath University for cordial guidance, pragmatic suggestions and continuous encouragement and inspirations of my term paper work, which enabled me to complete my dissertation work successfully. I would also like to offer my heartfelt thanks, gratitude, deep respect and indebtedness to Soma Bhattacharjee, Lecturer of Economics, Jagannath University for his continuous guidance, thoughtful suggestion and inspirations during the entire time of my term paper. I am indebted to the respondents of the study area who provided data and suggestions to complete the work. Contents ...
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...Impact Of Globalization On Bangladesh Globalization has become a buzzword in the new era of international relations. Basically it is a process of expanding trade and commerce all over the world by creating a frontier-less market. But now it has had a far-reaching effect on many aspects of life Impact Of Globalization On Bangladesh : Impact of globalization is obvious in the following spheres : • Impact On Communication : With the impact of high-tech communication media and ultramodern transportation facilities, the world has come closer. Now we can learn instantly what is happening in the farthest region. Countries of the world have become like families in a village. They can share their joys and sorrows like next-door neighbors. • Impact On The Economy : The Impact Of globalization on Bangladesh economy cannot be denied. Like the developing countries of the world our country is getting benefit out of border-less market. Our GDP has increased. Garment industries are considered the foreign exchange earner. In terms of investment, employment and exports, the functioning EPZs(Export Processing Zones) have been greatly successful. • Impact On Modern Technology : Globalization is now largely based on a strong technological foundation. The electronic transfer of information via the internet has now created an instantaneous and inter-connected world of information resulting in a 24-hour trading network. This technology has largely changed banking and financial activities. Worldwide...
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...How Aarong is coping with cultural changes? Aarong is the leading fashion house of Bangladesh which is an enterprise of BRAC. It started its journey in 1978 to bring positive changes in the lives of disadvantaged artisans and underprivileged rural women promoting their skills and craft. Aarong means village fair. Traditional artisans can market their crafts through Aarong. Potters, Brass Workers, Jewelers, Jute workers, Basket Weavers, Handloom Weavers, Silk Weavers, Wood Carvers, Leather workers and various artisans with specialized skills from all over the country come to Aarong for marketing and support services. At the very beginning of their business they were focusing on clothing, pottery, jewelry etc. Basically their business concept was pure traditional. But after a certain period they realized that only traditional based products were not sufficient to fulfill the customers demand. In the world of globalization people are now thinking in different way. Their choices are changing and they are looking for something new which is more fashionable and comfortable than traditional wearing. One of the most influential sectors of globalization is the change in the dressing sense of our country. Different types of fashionable wears are now available in Bangladesh. Traditional wears are now not their only choice. People fill very comfortable in casual wears in their daily working life. So they like to wear jeans, T-shirts, fotua, kutis, and leggings etc. According to Aarong...
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...present environmental condition of Bangladesh is not equally balanced at all. Severe air, water and sound pollution are threatening human health, environment and economic growth of Bangladesh. The most environmental problem is water pollution. The water pollution caused due to industrialization. The underground water of Bangladesh has been polluted due to arsenic. Water pollution creates serious health hazard for Bangladesh. The most dangerous threat emanating from environmental degradation is the arsenic contamination of ground water. The main industrial areas of Bangladesh are at Dhaka, Chittagong, Khulna, and Bogra districts. The mostly contributing industries for water pollution are pulp and paper, pharmaceuticals, metal processing, food industry, fertilizer, pesticides, dyeing and painting, textile, tannery etc. Everyday approximately 700 tanneries of Dhaka city are discharging about 16,000 cubic meters of toxic wastes. The Department of Environment (DOE) has listed 1,176 factories that cause pollution throughout the country. Water pollution percentage of most five industrial sectors of Bangladesh in the year 2001 is shown below: **Water Pollution Percentage of most Five Industrial Sectors of Bangladesh in the Year 2001 Source: Research Work by Islam Faisal on “Industrial Pollution in Bangladesh” in the year 2002. The indiscriminate discharge of solid waste, domestic and hospital sewage are the major source of water pollution in Bangladesh. About 4,000 to 4,500 tons of...
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...identification, payment and delivery of goods and services. This paper highlights the status, statutes, potential and constraints to e-commerce development in Bangladesh. Both the statutory laws as well as the challenges in implementing them are discussed. Major legal, regulatory and institutional constraints to e-commerce are identified. The paper also lists specific policy changes aimed at bringing improvements to the legal and regulatory environment affecting e-commerce. Dimensions of E-Commerce The three dimensions of e-commerce are Business-to-Consumers (B2C), Business-to Business (B2B) and Business-to-Government (B2G). B2C e-commerce is unlikely to be of much use in the near future in Bangladesh because of low per capita income, a weak infrastructural and legal environment, lack of trust between business and consumers. B2C for cross border trade is also limited by the factors suggested for the domestic front. In addition, non-availability of international credit cards, foreign currency remittance restrictions, delays and informal payments at customs clearance even for small value and quantity items will discourage B2C. The B2B application already exists in the export sector of Bangladesh, especially in the Ready Made Garments (RMG) industry. RMG has the lion’s share of the export earnings in Bangladesh. The RMG sector has begun to use the Internet, and its dependence on ecommerce is likely to grow in the coming years. The Internet would enable them to seek...
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...2/8/2016 Problems and Prospects for Modern Business Enterprises of Bangladesh Submitted to: Dr. Sabnam Jahan Associate Professor Department of Management University of Dhaka. Submitted by: Abul Kalam Azad EMBA Student code: 3-16-32-063 Course code & Title: EM: 501 Introduction to Business Abul Kalam Azad BANGLADESH POLICE Table of Contents Introduction ................................................................................................................................................................. 2 Business Background of Bangladesh ....................................................................................................................... 2 Problems and Prospects for Modern Enterprises ............................................................................................... 4 Poverty and inequality ........................................................................................................................................... 4 Social development ................................................................................................................................................ 4 Political affairs, good governance and human rights ...................................................................................... 4 Security matters ..................................................................................................................................................... 5 Indigenous...
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...Globalization has brought in many changes in the business scenario with the whole world inching towards a big market place. Communication between buyers and sellers become critical as each can opt to explore a greater number of alternatives than before. E-commerce through the use of internet, e-mails, websites and other facilities enables a businessman to be linked with every corner of the world and thus opens up greater opportunities in the world market. As a signatory of WTO practices Bangladesh has accepted The Code of Good Practices of WTO agreement on Technical Barriers to Trade. E-commerce facilitates the very process of International transactions; this involves securing and finalizing a contract, delivery of a product and finally payment for the performance of the product. The movement of goods and services and payment mechanism within a country and outside of a country is governed by regulatory and legal issues. Though Bangladesh Govt. has a strategic vision and policy framework to boost up e-commerce, a lot of factors are also hindering the way of doing E-commerce. Definition of E-Commerce: E-Commerce refers to the process of buying or selling products or service over an electronic network. The most popular medium in which e-commerce is conducted is the internet. It combines a range of process such as: • Electronic Data Interchange (EDI). • Electronic mail (E-mail). • World Wide Web (WWW). • Internet Applications. • Network Applications. ...
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...than that of China, Indian agriculture can't feed its own people, while the Chinese could feed themselves. 60% people in India rely on agriculture directly, but its contribution towards GDP is just around 20% to 30% .Lack of implementation of modern technology in the field of agriculture, fragmented land holdings, low irrigation potential, unviable returns etc can be shown as the causes here. Considering the GDP as the bench mark for development of a country, India registered a growth rate around 9% only after globalization in 1991. This clearly indicates that market based economy with minimum regulations encourage entrepreneurship. Survival of small scale and micro level industries is one of the key aspects in the success of a country as majority of the population lives in rural areas (at least in SAARC countries). Since the current GDP growth of India doesn’t reflect much in rural sector, microfinance has a very huge role to play. Mr Muhammad Yunus of Bangladesh needs to be appreciated for his brilliant idea of Grameen Bank and the way he changed the fundamentals of microfinance with SHGs (Self Help Groups)....
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...Final Draft PERSPECTIVE PLAN OF BANGLADESH 2010-2021 ____________________________ MAKING VISION 2021 A REALITY General Economics Division Planning Commission Government of the People’s Republic of Bangladesh April 2012 Contents ABBREVIATIONS ...............................................................................................................................v PREAMBLE of the Perspective Plan (2010-2021) ............................................................................ 1 I. ............................................................................................................... Context of the Perspective Plan .................................................................................................................................................................. 1 II. .......................................................................................... Current state and Development Perspective .................................................................................................................................................................. 1 EXECUTIVE SUMMARY .................................................................................................................... 2 CHAPTER 1: VISION FOR A PROSPEROUS FUTURE........................................................................ 10 1.1 The Vision ..........................................................................................................
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...development. The SMEs sub-sector plays an increasingly dominant role in the technology assimilation and dissemination and in economic development in Bangladesh as well. In Bangladesh, SMEs playing a significant role for the development of our economy by creating employment opportunity and producing important alternative machines and machinery parts for saving huge foreign currency for our country. So as a part of our development strategy, we should intensify our efforts to develop this sector to grow industrial base and volume of foreign trade. As we know the in this age of globalization, it is impossible to stop the flow of foreign goods to any country. Only quality products can meet the challenges in global market. For meeting this situation SMEs need to upgrade their technological capabilities and production facilities in order to produce quality products at a competitive price. DEFINITION Small and medium enterprises or small and medium-sized enterprises (also: Small and Medium-sized Enterprises; acronym in the plural: SMEs; small and medium businesses or small and medium-sized businesses, acronym: SMBs; and variations thereof) are companies whose headcount or turnover falls below certain limits. Enterprises Fixed Capital Investment Employees Small ≤Tk.100,000 ≤50 Medium Tk.100 to 300 million 51-99 Regulations of Bangladesh Bank for Small Enterprises- Private entity with less than 60 employees for the Manufacturing Sector 30 employees for the Service Sector ...
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...Role of BSCIC (Bangladesh Small & Cottage Industries Corporation) UNIVERSITY OF DHAKA [pic] Submitted To: Dr. A R Khan Professor and Former Chairman Department Of Banking University Of Dhaka. Submitted By: Md. Mostafa Jabed Kaychar Dept. Of Banking & Insurance ID NO: 51221016 Batch-21st. “Bismillahir Rahmanir Rahim” Report based on the role of “BSCIC” (Bangladesh Small & Cottage Industries Corporation) in the promotion of small entrepreneurship in Bangladesh. Introduction Bangladesh Small & Cottage Industries Corporation (BSCIC) was established in recognition of the need for a specialized agency to promote the development of Small, Medium & Cottage Industries (SMCIs) in the manufacturing sector through the provision of advisory services, fiscal and financial assistance, infrastructural facilities, market access and other support programme. BSCIC strives to create resilient and efficient SMCIs, able to compete in a liberalized market environment. SMCIs have to be efficient and knowledge-driven, including using ICT to be globally ‘connected’ and accessible. The Corporation...
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...benefits for mankind and its opponents stressing disproportionate benefits for the rich, and marginalisation and disempowerment of the poor, for countries such as Bangladesh with low income, smaller capacities and even lesser bargaining turf, globalisation has thrown up a host of challenges with great rapidity. And yet we continually strive to integrate into a globalised world whilst balancing our national agenda of democracy, development and trade. While speaking on Bangladesh, since coming here as Bangladesh’s High Commissioner I have come to realize, increasingly and sadly as time has gone by, that Bangladesh is often bypassed and when discussed or referred to in the South Asian context, the emphasis more often than not is on negative elements. Overcoming certain misperceptions about my country and bringing it out of the ugly shadows generated by misinformation, sometimes seem in itself the biggest challenge to me. However, whatever we as a nation have achieved since our independence have come as part of our victories in our persistent struggle on numerous fronts in an increasingly globalized world. As it traversed the oceans of fire and blood during its long struggle for national independence, across the barren desert of autocratic rule and overcoming the horrendous calamities wrought by nature’s wrath, Bangladesh has manifested, if nothing else, its indomitable spirit of defiance, its astonishing resilience and the thunder in its heart. And its people are the heroic...
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...Dreadful Impact of Indian ‘Yellow Culture’ on Bangladeshi young generation Md. Abdun Noor Shaheen Lecturer in Sociology Generally, culture refers the customs and beliefs, art, way of life and social organization of a particular country or group. And, of course, we have a very rich culture which we can feel proud of. But the shocking fact is that that our culture is now under a great threat because of foreign cultural aggression. Indian cultural practices, have especially added a new flavour to this extent and satellite TV channels run by India have made the path of aggression easier. Our young generation is so much affected and influenced by those channels that they are trying to practise what they see on the television screen. So from my point of view, Indian cultural practices are now turning as a threat rather than mere source of amusement. Some Concrete Facts of Indian forms of Culture: Indian films, for instance, are now at the epicenter of the culture wars. They are corrupting our youth. There are about ten Indian channels, showing movies and movie songs round the clock. We are quite stunned at many of the shows in Indian TV channels that are apparently for children. The Indian channels are full of contests when ten year old girls are dressed up and made up like Bollywood actresses, rotating to some hit Hindi songs, making all those suggested moves in front of thrilled audiences and approving panel of judges. Then...
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...economy. To establish a strong banking sector it is required to have good study in banking operations. Today’s Economic policy is concerned to obtain the optimum economic success in a country’s economy. Banking sector and banking activities are playing a vital and important role to achieve that optimum goal of the economy. The successful running of banking business depends upon effective banking operation. As a new commercial bank FIRST SECURITY ISLAMI BANK LTD. has a huge responsibility to ensure efficient and effective banking operation all over the Bangladesh in a sound manner with other Banks as a competitor.Banking sector is indispensable part in a modern age and modern society. Italways plays a vital role to the economic development of a country. In modern age of science and technology the banking sector all over the world has been undergoing a lot of changes due to deregulation, technological innovation and globalization. Basically bank take deposits from the customers against some interest/profit or loss sharing/payments and lend the money to the borrowers with a different interest/markup rate and time period. To ensure safety of the depositors fund there are various types of credit facility. Also bank must hold adequate fund to...
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