12-04-2014, 04:26 PM
Socio-Economic Profile of Bangladesh
Economic Profile.pptx (Size: 335.22 KB / Downloads: 14)
What is external trade ?
External trade is the exchange of capital, goods, and services across international borders or territories.
[b]Introduction[/b]
The foreign relations of Bangladesh are the Bangladeshi government's policies in its external relations with the international community. The country pursues a moderate foreign policy that places heavy reliance on multinational diplomacy, especially at the United Nations and World Trade Organization (WTO). Since independence in 1971, the country has stressed its principle of friendship towards all, malice towards none in dictating its diplomacy. As a member of the Non-Aligned Movement, Bangladesh has tended to not take sides with major powers. Since the end of the Cold War, the country has pursued better relations with regional neighbors.
Overview
Bangladesh has made significant strides in its economic sector performance since independence in 1971. The economic has improve vastly in the 1990, Bangladesh still suffers in the area of foreign trade in South Asian region. Despite major impediments to growth like the inefficiency of state-owned enterprises, a rapidly growing labor force that cannot be absorbed by agriculture, inadequate power supplies, & slow implementation of economic reforms, Bangladesh has made some headway improving the climate for foreign investor & liberalization the capital markets.
Conclusion:
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 44th largest economy in the world in 2011 in PPP terms and 57th largest in nominal terms. Exports of textiles and garments are the largest source of foreign exchange earnings. Shipbuilding, pharmaceuticals and consumer goods manufacturing are important emerging industries, while the jute sector is re-emerging with increasing global demand for green fibers. Remittances from Bangladeshis working overseas, mainly in the Middle East, are another major source of foreign exchange earnings. Other important export sectors include fish and seafood, ceramics, cement, fertilizer, construction materials, cane and leather products. Bangladesh has also made major strides in its human development index.