• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Bangladeshs economic situation.

Extracts from this document...


Bangladesh is a poor country in terms of it's available resources compared to it's population. The per capita income is around $ 370.00, the total population is around 140 million, the average life expectancy rate is 58 years, the rate literacy is 62%, average growth (GDP) rate is 5%. After the independence of Bangladesh in the year 1971. Five years fiscal plan has been adopted for carrying out it's development activities. Its development plan is drawn to achieve the desired socio-economic goals. The main objectives of the development plan is to alleviate poverty. The poverty strategy focussed on rural areas where the largest numbers of poor people reside. The govt. has drawn up national strategy for economic growth. Poverty reduction and social development. The other important sector is Human Development. Human beings are the ultimate resource for development to achieve this goal. Several strategies have been adopted such as removing illiteracy, increasing public expenditure on education, implementation of different health care and population program. Establishment of community clinics to provide one stop health care service, safe childbirth, to arrest spread of HIV/AIDS, tackle widespread malnourishment of children. Macroeconomic management is one of the economic fronts. A sound macroeconomic Management is a pre-condition for economic development. The adverse economic condition and other domestic and regional crises which affect the economic development of our country was largely prevented through the policies of the govt, timely and proper initiative and support by both govt. ...read more.


Following the peace accord the development process in the area has been accelerated. The other social and physical infrastructure have been under taken with domestic and donor assistance. The govt. attaches great importance to participation of local people in implementation of development projects in the Hill Tracts areas. Govt. of Bangladesh is trying to formulate appropriate policies and institutions to ensure optimal mobilization of domestic and foreign resources through efficient utilization for sustainable economic development(bangladeshbank.org). Achievements have been made in food production, the rate of literacy increased up to 62%, community health facilities have been developed up to the remotest Corner of the country, rural employment and wage rate also have been increased, the traditional money lending has been curtailed, remittance for the expatriate work force from foreign countries has been increased, non-farm, small business, service sector employment have been widened, women entrepreneurship specially in the rural areas have been increased through micro-credit system by the NGO's(www.epbd.com/economy.html) The deteriorated law and order situation, vulnerability of the poor and the weak has increased enormously, accountability specially by the law enforcing agencies is lagging far behind the expectation, political institution have not been strengthened satisfactorily, Poor and disadvantaged people are not aware about their right, local govt. system not yet empowered to function with the opinion of the people the elect. ...read more.


is trying to convince USA, EU to allow duty free and quota free access of Bangladesh product to those countries. Bangladesh is also trying to implement the decision of WTO to mobilize support for duty free access to Bangladesh as well as to other LDC'S. Govt. is trying to create sustainable environment such as ensuring political stability, improvement of infrastructure including telecommunication, power and port facilities, these will help increase efficiency to face in the competitive markets. The economy of Bangladesh is mostly dependent on agriculture. Agriculture contributes around 25% in GDP. More than 60% labour forces are employed in this sector, whereas from Industry 13% added to GDP and only about 7% labour force are engaged in Industrial sector. Bangladesh earns it's foreign exchange through exporting RNG, knit wear leather, shrimps, jute and jute goods. Few more items have potential export market such as ceramics, medicine, toiletries, and footwear. Bangladesh imports mainly machinery, petroleum, cotton, wheat, oil and oil, seeds. Remittance form expatriate Bangladeshis are the second highest source of our foreign exchange earning after the RMG sector. But for the raw materials or the RMG largely imported and much if it's earning are drained away for the cost of import. So emphasis is being given for manpower export. In conclusion it could be said that Bangladesh's economy is improving but in a slow pace. But by next 5 years the country will be in a better position which will be very helpful for the country. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Global Interdependence & Economic Transition section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Global Interdependence & Economic Transition essays

  1. The relationships between the physical environment and economic activities are no longer important. Discuss.

    will be global warming that proves to be Malthus' final resource limit. As global temperatures increase, the Greenland ice sheet will melt. This introduction of fresh water will reduce the salinity of the Gulf Stream as it goes northwards and sinks, powering the global conveyor.

  2. International Ecotourism Management: Using Australia and Africa as Case Studies.

    Tourism is critically important in many African countries because of its relative importance as an export industry. It is often the first or second most important earner of foreign currency. However leakage is quite severe, as many tourist products ranging from safari vehicles to guide books are produced externally.

  1. Principles of management

    A firm planning to enter any market must always check out the competition, and know specifically just on what level they are planning to compete and how. Though it's fierce at times it is the catalyst for advances and improvements in products and services.

  2. Geography GCSE Welsh board Coursework

    Now Bowness is Britain's most popular tourist attraction. Geography Coursework Problems of tourism William Wordsworth lamented coming of railway and predicted that the influx of tourists would spoil the natural appeal of the lake. He was right. The railway opened the area up to all and sundry and the centuries old seclusion of the area rapidly came to an end.

  1. Case Study: An Overpopulated Country - Bangladesh

    Lastly, there is increased acceptance by tour operators of changing demands, attitudes and the need for greater environmental awareness. Alternative forms of tourism have both its positive and negative impacts. Looking at the positive impacts, most alternative forms of tourism are seen as more desirable than mass tourism.

  2. Case Study: An Overpopulated Country - Bangladesh

    For example, a US$90 tax on travellers entering the Seychelles. The revenue from this tax is used in environmental preservation and facilities improvements. Also, the government can provide expertise on sustainable tourism management to the tourism industry. A good knowledge of sustainability is seen to be required in order to plan an effective sustainable tourism strategy.


    Snowmobile noise drowned out even the sound of the geyser erupting. (Source: Idahonews and Yahoo) Solid waste and littering In areas with high concentrations of tourist activities and appealing natural attractions, waste disposal is a serious problem and improper disposal can be a major despoiler of the natural environment - rivers, scenic areas, and roadsides.

  2. Globalisation is mainly an economic process. Discuss

    Moreover, according to the financial times, China?s foreign direct investment has increased dramatically since the 1990?s when it first opened up the country to the Global Market this is shown as in 1990 the FDI (foreign direct investment) was at less than $4 billion, however, in 2010 it is estimated that they would have received over $100 billion.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work