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MGT 321

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1. What were the principal reasons for the economic stagnation of Bangladesh after its war for independence?
2. Explain how the liberalization program in the 1990s enabled Bangladesh to start climbing the ladder of economic progress. What are the main lessons here that can be applied to economic development in other nations?

3. Bangladesh is dependent for its prosperity upon agriculture and textile exports. What are the risks here? How might Bangladesh diversify its industrial and commercial base?

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Ansawer:

1. Bangladesh after battle for autonomy was just overwhelmed by the fruitful Ganges-Brahmaputra delta, there is no regular assets, helpless foundation, political insecurity, and significant degrees of debasement push the country in stagnation. Again Bangladesh is defenseless against cataclysmic events because of its plane is under 12 meters above ocean level. So it is constantly presented to hurricanes, floods, and sea swells.

2. After 1990, Bangladesh embraced communist strategies; it nationalized organizations and financing the expenses of agricultural creation and fundamental food items. The privatization of state-claimed organizations, monetary liberalization, and the withdrawal of some import limitations are a portion of the strategy measure, money convertible, and empowering FDI was significant strategies, which are the piece of liberalization during the time spent change in 1990.

Nation investigated its labor in the field of textile area. It is the second-biggest exporter of instant articles of clothing on the planet after China. Low work cost minimal expense material and positive economic deal is one reason for its development. Another valuable area is farming and unfamiliar cash pay by 10 million Bangladeshi populaces. Miniature money development demonstrated as some assistance for the little business visionary.

3. Bangladesh is a normally unfriendly equatorial area. so every time it is influenced by regular catastrophes like flood, typhoon. Another issue is its helpless foundation and undeniable degree of defilement which is a group for its development. The nation is having just choice to create is its roaring textile area and it requires broaden as far as foundation and fare office.