Module:
Issues in Global Business and Strategic Concepts
Assignment on:
Globalization

Prepared for:
Md. Ashiqur Rahman Bhuiyan
Programme Leader BACB & Personal Tutor

Prepared by:
Tahmidul Islam University of Derby
Program: Bachelor (Hons.) Business Administration

Submitted date: 11/6/2013

Globalization: According to “Charles Willium Hill” globalization is toward a more integrated and interdependent world economy
Globalization makes the world short and easy to communication. Bangladesh is famous for exporting RMG respectively. Through globalization Bangladesh is earning a lot foreign remittance in RMG sector.
RMG Bangladesh: In 1978, Bangladesh starting earning through RMG and in that year Bangladesh RMG sector earn only one million dollar. However now in 2012 RMG sector of Bangladesh yearly turnover is 4.2 million dollar. The sector contributes significantly to the GDP. Our labor is cheap for a reason we can earn through RMG sector, our lion percent of people work in garments sector. It is possible because of globalization impact.
The Globalization of Readymade Garments Bangladesh: As we all know, globalization means in a sentence ‘cross border business.’ Reduce all trade barriers around global. Bangladesh is also under globalization. There are few global institutions are-
*World Trade Organization (WTO)
*International Monitory Fund (IMF)
*World Bank (WB)
*United Nation (UN)
We need global institutions because it helps to manage, regulate, and promote to establish multinational treaties in global market place.
Trade barriers: Bangladesh RMG sector can earn money because globalization reduces the trade barriers in business. It helps to export and import over the global. Our RMG sector is more flexible about trade with developed countries.
Technology: Technology is now much developed. We can communicate easily through