MAKING VISION 2021 A REALITY:

GLOBALIZATION AND REGIONAL COOPERATION CHALLENGES FOR BANGLADESH

Course Name : International Economics

SUBMITTED BY:

Muhammad Jahangir Alam
ID:40814010
14TH Batch
MBA (Marketing),
University of Dhaka.

Date of Submission: 28.12.2010

Introduction

Born from the great Liberation War of 1971, Bangladesh is a non-communal, progressive, democratic state that has worked to establish an economy and society free of inequality, and to nurture a culture of democracy and respect for human rights for all fostered by patriotism in all areas of social existence.
Along with a tolerant democracy, the aspiration is for a more caring society based on a system of values rooted in the culture and traditions of Bangladesh. The country’s value system will develop as it progresses, and the values will translate from collective to individual perspectives creating a collective drive to work together towards national development. Bangladesh’s heritage, rich in content and diversity, shall have a place in our present and be the anchor for the country’s ambitions.

Globalization in the broadest sense implies integration of economies and societies across the globe through the flow of technology, trade and capital. Economic globalization is a process of rapid economic integration between countries that is driven by the increasing liberalization of international trade and foreign direct investment. Liberalization of the economy in Bangladesh seemed an inevitable measure to meet the economic challenges of globalization. Whether it has derived benefits for the country or not remains a point to be analyzed. Some argue that the country has opened up to the world economy too fast and suffered in consequence, while some wrangle that a low technological base and poor governance is