Bangladesh, officially known as the ‘People's Republic of Bangladesh’ worldwide, is a country in South Asia. It shares land borders with India and Myanmar. Bangladesh is the world's eighth most populous country with a population of 163 million (as of the year 2016) in a total area of 147, 570 square kilometers. Dhaka has been the capital city of Bangladesh since the country achieved independence in the year 1971. Bangladesh has a market-based mixed economy, is one of the Next Eleven emerging markets. Its per-capita income was US$ 1,190 in the year 2014, with a GDP of $209 billion (bdnews24.com, 21 May 2014). Bangladesh has the third-largest South Asian economy (after India and Pakistan) and the second-highest foreign-exchange reserves (after India). The Bangladeshi diaspora contributed $15.31 billion in remittances in the year 2015 (The Daily Star, 3 July 2015). Although Bangladesh is a developing country, it is still sometimes regarded as a ‘poor country’ due to the rural cities which are experiencing overwhelming population growth and extreme poverty. This is, in part, of rural poverty which has led to the migration of poor people from rural to urban areas of Bangladesh in search of a better life, better job opportunities and better social services. Most of the rural migrants are fascinated by easiest ways of the urban sectors such as petty retail trade, transport, manufacturing, construction and domestic services. A greater proportion of rural migrants are engaged to
Bangladesh are not nearly as strong, and their economic strengths pale in comparison to Australia’s. Australia are blessed in regards to resources and they are geographically close to one of the largest growing regions of the world, Asia. Australia’s economy is also incredibly resilient, Australia being one of only three countries not to record a period of economic contraction since data begun being recorded in 1991. The only real economic strength of Bangladesh, on the other hand, is that countries like China, Japan and Australia are beginning to outsource labor to Bangladesh, and this gives work to Bangladeshi citizens and brings money into the
From a perilous beginning, Bangladesh has attained notable advancements in economic and social development in about four decades. Since it won its independent in 1971 following a bloody war, many, in the international community were doubtful about the country’s long-term economic sustainability. Some observers predicted a state of continuing aid dependency, while others believed if a country with such enormous and innumerable development problems as Bangladesh could make strides in development, then possibly other developing countries could as
Bangladesh is a very weak and undeveloped country and has some of the worst health and nutrition data. Bangladesh is a parliamentary democracy with 6 divisions and 64 local districts. Bangladesh used to be a part of Pakistan before the turmoil in Pakistan caused Bangladesh to become its own independent country in the 1970s. Much of the nutrition, education and economy is damaged because of the swell in population growth and political issues. in 2000 the World Health Organization approximated 35 to 77 percent of the water in Bangladesh contains arsenic. However, the country has improved and education, the economy and nutrition baselines have risen closer to expected outcomes.
America is one of the world’s superpowers. Its citizens enjoy a fairly high standard of living, and it’s melting pot for people from every corner of the globe. On the other hand, Bangladesh is a poor, densely populated country with an ethnically homogenous population. I’m lucky to say that I’ve experienced the best of both worlds, having spent the first five years of my childhood in Bangladesh, and the remainder in America. I’ve experienced the traditional way of life in Bangladesh, the ceremonies, rituals, and familial bond. But I’ve also witnessed the sexism, prejudice and corruption plaguing the country. America seems to be the opposite, but I better understand its strengths and flaws due to my time in Bangladesh.
In Bangladesh there have been many problems due to the small market and their extremely low cost. So for american companies like Walmart, H&M, Tommy Hilfiger,etc bangladesh is a goldmine because they produce quality work and at a very cost. Although with their low cost there is a high demand for their goods, which rushes the production process resulting in injury.
Bangladesh is a moderate Islamic country with about 90.2 percent Muslims, 8.2 percent Hindus, and Christians and other minorities comprising the rest 2 percent.
It is notable here that, Bangladesh is going to middle income earning country and according the many leading economic and finance expert it is to be the 23rd largest economy in the world by 2050 whereas many European nations will have smaller economies and less social security than us. The rise emerging market will boost the country’s employment, entrepreneurial and better living standard for everyone. As there already are many globally recognized accounting, finance and think tank organizations working within the country and I am highly positive to secure a brighter future for myself on my return to
Refugee issue is a global issue mainly due to wars, conflicts or environmental, political, religious and racial reasons (Gibney & Gil, 2010). In recent years, the turmoil triggered by the "Arab Spring" in many countries in West Asia and North Africa causing numerous refugees, so it has once again attracted the attention of people(Grossman, 2017). People forced to relocate their homes and even renounce their nationality by war or natural disasters are defined as refugee(UNHCR,2017).The influx of refugees brings cheap labor forces reducing the cost of productions ,and causes the promotion of economic development. In addition, the increasing population leads to an increase in demand which can increase the income of the host countries and the state tax. It can be argued that refugees are unable to benefit the host nations because refugees increase unemployment rate and occupy resources in education. Although it may be true that there are some negative effects caused by refugees, refugees can benefit the host nation in terms of economy and social advancement.
During 1953-1957 the United State was busily making collective security arrangements in an attempt to recruit ‘Allies’ for her confrontation with the communist camp. In south-east Asia the United State sponsor and encouraged the formation of SEATO (The South East Asian Treaty Organization) and CENTO (The Central Treaty Organization).
Women in Bangladesh have had a long history of exploitation and have faced discrimination due to their gender. Bangladeshi women came to the international attention in the form of cheap and docile labour. Traditionally, the idea of separate spheres, where men are the breadwinners and women look after the household, comprised the typical Bangladeshi household. Due to the impact of globalization, the economic stability of the country has been severely destroyed and has forced many women to work for longer hours that seem not enough to let the ends meet. Bangladesh Nari Progati Sangha (BNPS) is an agency for empowerment of women in Bangladesh and states that the current trend of globalization in Bangladesh, has an exploitative nature which is extreme to women in the society. Rural women have been working quite long in the agricultural sector, but with the commercialization of the agricultural sector, many women have migrated to the city centers such as Dhaka and working for garment or other industries for minimum wage. Women have a limited scope of economic development in a Bangladeshi society and are paid less than the men, due to the socio-political structure, as well as their lack of education, which is governed by the patriarchal ideology. Given that,
-To determine if people with higher educational level are more likely to migrate than those with primary level of education.
Developing nations are filled with hope and aspirations of one day becoming a wealthy, dominating, and influential country. These nations can sometimes be unsafe, difficult to live in, and hard for workers to earn good compensation for their labor. On the other hand, living in a developed nation has many upsides. Developed nations are wealthy, which in turn have good infrastructure, labor and worker laws, and have less crime.
In recent years Bangladesh has achieved rapid economic growth and significant progress in social development despite many other problems. The enviable GDP growth and many other social and environmental successes have gained until now. But still Dhaka is one of the least livable cities in the world. Political economy and urban planning both are complex and people and state oriented. Before discussing about the political economy of urban development process it is necessary to clear the concept of political economy and the economic system of Bangladesh.
Bangladesh has got a population of around 150 million (2011) with a life expectancy at birth of around 63 years, and an adult literacy rate of 47.5%. The recent Human Development
Bangladesh is a south Asian country and has an approximate population reaching 164 million. The manufacturing industry is what Bangladesh is known for. That industry also accounted for almost 12% of GDP in 2009 and 2010 with employing over four million people (The Bangladesh Accord Foundation, 2014). The labor force is made up of young, urbanizing, mainly women. Bangladesh accounts for approximately 78% total exports (The Bangladesh Accord Foundation, 2014), which is second to China.