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Posts Tagged ‘Economy’

Bangladesh is an Emerging Economy in Export and Import

Friday, May 20th, 2011

Students of global economy are familiar with specific terms defining the economic powers that influence trade and industry beyond their borders. The Asian Tigers, for example, are the four highly-developed countries (Hong Kong, Singapore, South Korea, and Taiwan) that account for a good percentage of market exports around the planet. Whether these nations will remain on top is up for debate, but as implied by Goldman Sachs those included in the Next Eleven group may prove competitive in the future. One such country is Bangladesh.

Your first thought of Bangladesh might be of the Third World. In the 1970s the country – formerly known as East Pakistan – suffered the ravages of civil war and extreme weather conditions. The plight of her people moved musicians George Harrison and Ravi Shankar to organize a benefit concert to raise funds for relief – the first such charitable event, years before Live Aid. Today, while Bangladesh maintains its rank among nations with high poverty levels, it is slowly developing an economy that has shown impressive growth over the years.

One might think, given the assumed paucity of natural resources and industry in the country, that Bangladesh doesn’t offer much in the way of goods to export. Quite the contrary, though this neighbor to India doesn’t enjoy the same GNP level of the United States or nearby Asian nations, Bangladesh exported in 2009 more than $18 billion worth of supplies annually, a significant growth from $5 billion seven years prior. In proving its place among the Next Eleven, Bangladesh has made quite a mark in the textile export industry. Apparel exports, the nation’s top industry, surpassed that of India for the first time in 2009, accounting for one-eighth of the country’s overall export product. Hides used for clothing and other products are a popular product for trade, and are usually included in the totals for textile and apparel exports.

The Historical Event of Bangladesh

Wednesday, March 31st, 2010

There is no denying the fact that in the history of Bangladesh, the three chronological events are well thought-out to raise our heads worldwide as the citizens of a free nation in all sectors of development. After a long and magnificent movement for nine months; our nation’s glory and honour has symbolized our growth of economy, social and cultural ambiance in her background to be emerged as an independent state. In my opinion, besides Liberation War and 21st February, the Nobel Peace Prize awarding event has also endorsed the prestige and high honour of our country through out the world. Such unparalleled historical event has unquestionably amplified the earth-shattering of Bangladesh in respect of our history, geography, financial system, tradition, heritage and ethnicity and as such we are in the way to build up our resources so that we can expect more Nobel laureate signifying history for mankind.

Suffice it to say that the movement of 21st February was a call for restoration of democracy for which the non-co-operation movements with the then rulers have been promulgated day by day to achieve independence as an ultimate target. Due to the fact, it was not only their sole desire to make Urdu as a state language but also there were many reasons behind it which may be reflected as Political and educational aggression, to pollute Socio-economic condition, to pollute cultural and traditional affairs, to occupy monopolies over trade and commerce, to handicap people under obligation towards submission, to surpass the people under tyrannous depletion etc and hence in regard to economical aspects in common life, the goods which were produced by our painstaking people from our land and factories were taken to the West Pakistan and priced cheaply in that land but it was costly to us to consume. From such agitation, our movement for independence had been picked up the pace day by day.

From such point, it is clear that after the emergence of Bangladesh such profile of economy either Micro or Macro has been achieved due to active intervention of our people in different sectors of development. This identity whatever we posses were not possible if 21st February was not created to retaliate the tyrannical boom of the then rulers of Pakistan. And as such, in this day some young persons of our country have declared indomitable movement to create confrontation against the conspiracy of our mother tongue. They have intensified the movement by degrees and being polemical, the then rulers have invaded them and ultimately they had shot them dead.