Thoughts on Economics Vol. 18, No. 01 Impact and Consequences of Globalization in Bangladesh Insurance Industry K.M. Mortuza Ali* Globalization means the breakdown of boundaries. Every country rich or poor would have access to the markets of other country. As a matter of right, the rich will have access to the markets of the poor and the poor countries would have access to the markets of the rich. This sounds quite fair as it will be a borderless world. Everyone will be
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Economic Development of Bangladesh Economy of Bangladesh Economic Position in World: The economy of Bangladesh is a rapidly developing market-based economy. Its per capita income in 2010 was est. US$1,700 (adjusted by purchasing power parity). According to the International Monetary Fund, Bangladesh ranked as the 43rd largest economy in the world in 2010 in PPP terms and 57th largest in nominal terms, among the Next Eleven or N-11 of Goldman Sachs and D-8 economies, with a gross domestic
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various aspects of the IBBL, it is shown in detail how interest-free bank functions besides many established conventional banks in the country. Although conventional banks are rendering financial services in Bangladesh for a long period still, the innovation of interest-free banking systems, proved its worth in the country’s money market, since IBBL started rendering banking services without any interest in the nation’s financial market in recent years. The article mainly consists of two sections
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3.1: Explain how market structures determine the pricing and output decisions of businesses? How market structures determine the pricing and output decisions of Ollo: Firms’ pricing and output decisions depend onbarriers to entry and the behaviour of competitors.The actions of one’s competitors can easily influence the behaviour of afirm.This is proper for an oligopolistic industry whereby firms display mutual interdependence.Ollo is an oligopolistic business with Banglalion & Qubee as their
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important question: “How did China develop so rapidly?” The answer is not single because development requires a continuous and successive process. Through this process China have passed some stages successfully, one of these stages is political reforms and as a result economic reforms. In order to better understand the success of Chinese economy today first the process of political development that China has passed through should be analysed. *Teng-hui (1995) reports the political reforms
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Introduction The success of every business is highly influenced by the development and practice of its marketing strategy. Especially in the sphere of small and medium- sized businesses, where long term marketing is essential, since recognising and satisfying consumers’ needs in time is the only way to raise the company’s compatibility. ‘I think it’s a good and necessary thing that companies are focusing beyond “customer service” and looking at the whole customer experience. Making sure that your
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and investment and updates by information technology. There is an amazing irony in globalization and it is that, as the world gets smaller, opportunities for growth and development become wider and better. Nowhere is this more clearly manifest than in the sphere of international trade and business relations where foreign market economies, domestic politics and diverse legal systems are linked to each other to create more advantages for the contracting states. Origin of Globalization
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experienced an Industrial Revolution also experienced a dramatic growth in the middle class. Prior to the dawn of the Industrial Revolution, most countries had a small ruling class with the majority of the population made up of serfs or peasants. The development of a middle class comprised of merchants, traders, investors and artisans had begun in the Middle-Ages, but was limited to a small minority. Poverty was the experience of the masses, and still is the standard for the majority of people in underdeveloped
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the value of the land, disregarding property and any improvements made to the land. The most efficient tax would result in the least distortion of economic decision making thereby interfering the least with the market’s efficient allocation of resources and reducing the “excess burden” on society. In this essay, we shall be first examining the economic effect of a land tax, and discuss how land tax is economically efficient. Then I will discuss how land value tax may not be the most efficient tax
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in Washington during his first official visit to the U.S. on 26th October 2015, said that Indonesia intends to join the Trans Pacific Partnership which contains measures to lower trade barriers such as tariffs and non-tariffs. It is a 21st century free trade agreement. In the period of President Susilo Bambang Yudhoyono, Indonesia, refused to
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