Free Essay

Impact of Globalization on Bangladesh

In: Computers and Technology

Submitted By emtu
Words 619
Pages 3
Impact Of Globalization On Bangladesh
Globalization has become a buzzword in the new era of international relations. Basically it is a process of expanding trade and commerce all over the world by creating a frontier-less market. But now it has had a far-reaching effect on many aspects of life
Impact Of Globalization On Bangladesh : Impact of globalization is obvious in the following spheres :
• Impact On Communication : With the impact of high-tech communication media and ultramodern transportation facilities, the world has come closer. Now we can learn instantly what is happening in the farthest region. Countries of the world have become like families in a village. They can share their joys and sorrows like next-door neighbors.
• Impact On The Economy : The Impact Of globalization on Bangladesh economy cannot be denied. Like the developing countries of the world our country is getting benefit out of border-less market. Our GDP has increased. Garment industries are considered the foreign exchange earner. In terms of investment, employment and exports, the functioning EPZs(Export Processing Zones) have been greatly successful.
• Impact On Modern Technology : Globalization is now largely based on a strong technological foundation. The electronic transfer of information via the internet has now created an instantaneous and inter-connected world of information resulting in a 24-hour trading network. This technology has largely changed banking and financial activities. Worldwide money transfer and transaction of businesses have now become a matter of clicking the mouse of a computer. Some products like software and TV schedules are also amenable to digital of electronic transmission. We can now buy and sell goods through the electronic screen. Globalization is now only what technology makes possible.
• Impact On Politics : After the fall of Soviet Union Communism fell down and the east -west conflict was resolved. Moscow was no mote rival to Washington. Each and every country turned into competitive economic market. The wave of globalization has also touched our politics. We can learn the democratic norms and values now. Bangladesh has got the taste of democracy.
• Impact On Sports And Recreation : Sports play an important role in the development of international relationship. Many international sporting events are organized from time to time. These events are telecast worldwide by satellite and people all over the world watch them live. The sports venue becomes a meeting place of people from different countries. They come closer to each other, sharing views, opinions and friendship. Bangladesh is also the beneficiary of this opportunity.
• Impact On Education : Like other developing countries of the world, Bangladesh has identified education as the key to prosperity and progress. Donor countries are contributing to the progress of our literacy rate and overall education. Various international organizations have responded dramatically with their generous aid in education sector. Many non-formal schools are being run. Meritorious students are availing themselves of the foreign study scholarship.
• Impact On Our Culture : Although globalization is mainly connected with business, trade and international relations, it is no longer viewed from that perspective alone. The tide of globalization is now encroaching into other spheres too. Satellite Television channels and the Internet are bringing all sorts of different customs and behavior into our homes. Under the influence of globalization, global culture are steadily getting integrated with local cultures. Different cultures are constantly interacting. As an independent nation, we have our own traditional social values, beliefs and attitudes. But in the globalizing process, many foreign customs and beliefs are intruding on them.
• Impact On Family : Globalization exerts influences on our concepts of family. Commercialization and rapid urbanization have resulted in breakdown of traditional large families into nuclear ones. Expanded rate of female education is another example of the impact of globalization.…...

Similar Documents

Premium Essay

Positive Impacts of Globalization in Bangladesh Economy (a Case Study of Bd).

... 2.2 Globalization and Bangladesh Economy………………………….11 2.3 Bangladesh and WTO …………………………………................11-12 2.4 Composition of Import & Export in Bangladesh………………….12 2.5 Foreign Investment in Bangladesh: In global Context……………13 2.6 Growth in Manufacturing GDP…………………………………….14 2.7 Broad Sector Shares in GDP at Constant Prices…………………..15 2.8 Overseas Employment……………………………………………...16 2.9 RMG Sector …………………………………………………….17-19 2.10 Market forces ………………………………………………......20-21 2.11 Globalization and the U.S. Role with Bangladesh……………….22 (3)Chapter-Three 3.1 Findings……………………………………………………………23 3.2 Recommendation……………………………………………..........24 3.3 Policy Recommendation……………………………………………25 3.4 Conclusion………………………………………………………….26 3.5 References…………………………………………………………..27 Abstract Over the past decades, Globalization has become a new world order, which virtually influences everything that comes in our mind. Developing countries Bangladesh with vulnerable geological locations and weak economics are now looking at globalization to strengthen their economy to fight any perceive threats. But increasing role played by in setting the rules under which globalization is. played, has placed developing countries in a much unfavorable position globalization has both positive and negative impact on the country of Bangladesh, A through understanding of the impact of......

Words: 7048 - Pages: 29

Free Essay

The Impact of Globalization in Japan

...Luwei Gao(Tim) Words: 879 Tutor: Mark The impact of globalization in Japan "Globalization implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with the free transfer of capital, goods, and services across national frontiers"(Businessdictionary.com:1931). As the development of technology, connect between each different countries become easier, more and more countries can be easy communication or trade with other countries in many different fields, for instance economic, cultural education and other fields, that can make these countries develop fast. The globalization becomes more and more important to each country, no matter development country or developing country. As we know, after the Meiji Restoration of 1868, Japan become a highly globalized country on many fields, like economy, science and technology, education and many other fields. This essay will introduce about the impact of globalization on economic, culture and education of Japan, analyze the impact of globalization on these fields. "The economy of Japan is the third largest national economy in the world after the United States and the People’s Republic of China and is the world's second largest developed economy" (Oecd-ilibrary:2012). As we know, Japan is not a country has a vast land and rich resources, especially whole country economy almost destroyed by World War II. The globalization is the most important reason can help......

Words: 1039 - Pages: 5

Premium Essay

The Impact of Globalization on the Economy

...The impact of globalization on the economy Globalization is one of the main features of modern society. Today it covers almost all spheres of human activity, and its influence becomes more and more obvious. To talk about the effects of globalization, it is necessary to understand its nature and the factors, sources, which led to its emergence. Today majority of scientists agree that economic globalization “is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital”. There are several sources of globalization. The first factor is technological advances. E-mail, the Internet, and the World Wide Web have significantly lowered the costs of transportation and communication in international trade and in doing business by and large. Next reason of globalization is trade liberalization that has led to more liberal world trading system. And finally source of globalization is creating globalized media, the arts, and popular culture with the widespread use of the English language for global communication. Of course there is not a complete list of the factors of globalization, but in my opinion, those mentioned sources are the most important. Globalization has significant impacts on all economies of the world, with various effects. There are heated debates around positive and negative effects of globalization. Leading pro-globalization arguments make a strong case......

Words: 432 - Pages: 2

Premium Essay

Globalization and Its Impact on Women

... Assignment On Globalization and its impact on women rights and empowerment Course Title Development Economics Course Code F-210 Submitted To AlfarunnaharRuma Lecturer Dept. of Economics Submitted By Group- 01 Session: 2010-2011 Finance & Banking JatiyaKabiKaziNazrul Islam University Trishal, Mymensingh Submission Date: 24 January 2013 Members of group one Serial No. | Name | ID Number | 01 | Md.DelowerHossain | 11132601 | 02 | MahimaAkter | 11132602 | 03 | PankazePadaBhoumik | 11132603 | 04 | MahmudulHasan | 11132604 | 05 | SadiqurSattarAkand | 11132605 | Globalization and its impact on women rights and empowerment INTRODUCTION In the 21st century, globalization has become the ‘Zeitgeist’ re-shaping different dimensions in life. Globalization also affects women’s rights and its overall impact on women has become a critical agenda in gender-related studies. In an attempt to empirically investigate this argument, much of the literature focuses on the effects of economic integration on women’s economic activities. These studies look into the impact of globalization on women through an angle of traditional trade theory, comparative advantage and competition, thus analyzing whether economic integration could create more employment opportunities for women and increase their wages. This focus on economic integration and women’s employment raises the question of how certain types of economic reform affect particular forms of women’s rights and welfare. It is......

Words: 4811 - Pages: 20

Premium Essay

Globalization Impact on Healthcare

...Globalization impact on healthcare Faculty Advisor; Prof. Peter Carrillo Student; Mohamed Osman National University 03/31/2013 Table of Contents Abstract 3 Problem Statement 4 Globalization and Poverty 5 Globalization and Climate Change 7 Globalization and Immigration / Emigration 8 Globalization and Communicable / Non-Communicable Diseases 9 Conclusion 12 References 13 Globalization impact on healthcare Globalization is the process of promotion of economic integration, communication exchange, cultural diffusion and travel, which facilitate the exchange and connection between nations, commerce and individuals. The effect of globalization on healthcare and individuals is complex. The globalization of healthcare has provided opportunities for many organizations to rapidly develop their products and to expand their network of customers also global transportation and the communications revolution enabled rapid response to epidemics and catastrophes. On the flip side, the rapid mobility of people across borders, the spread of infectious diseases is a great threat to everyone, particularly in poor developing countries. “Today, no microbe in the world is more than 24 hours away from the gateways of every industrialized country, and what incubates today in the tropical rain forest can emerge tomorrow in a temperate suburb.” --Nils Daulaire (Kelley, 2005) The link between globalization and global warming and......

Words: 2745 - Pages: 11

Premium Essay

Impact of Wto on Globalization

...Impact of WTO on Globalization Trade Policy Introduction World Trade Organization (WTO), found in 1995 and headquarters is in Geneva, has its clearly main purposes since its beginning that to promote economic and trade development all over the world. Up to the end of 2008, there are more than 135 members in the organization. In particularly, with the expansion of globalization trade, international business is more often than any time in the history. As one of the most crucial carrier of economic globalization, WTO establishes a set of international trade rules focusing on the liberalization, which play a strong role of encouraging and guiding in the process of economic globalization (Pauwelyn, 2005). This essay will mainly discuss WTO’s influence on the rules of globalization trade in combination with the current reform of trade policy. It will explain the topic from the following four aspects in detail: first, the basic rules WTO set up for the international trade, then, rules on e-commerce, the new rising global business, third, the preferential rules made by WTO for developing countries, and at last, it will discuss the impacts of WTO’s regulations on environmental issues when doing global trade. Basic Rules WTO set up for the Global Trade WTO's main objective is to provide adequate competitive opportunities for the trade among the members, which needs recognized common rules and principles for members to abide. There are two basic principles, namely the MFN principle......

Words: 2421 - Pages: 10

Free Essay

The Impacts of Globalization

...The Impacts of Globalization As humans, we usually tend to ask about each other and try to exchange new ideas. In our new world, this human’s habit has become easier than before, and that caused by the new technologies and mass media. People like the new interconnection in the world because it allows them to contact whoever they want wherever they are. Despite the benefits, there are some drawbacks of globalization, and the two main drawbacks are cultural and economic. Cultural threat is one of the reasons that make people worried about globalization. Some people are worried because they believe that their traditional culture may be in risk because of foreign influence such as the immigrants, who came to their country. Pew attitudes Project’ survey (2007), which covered more than 45,000 people around the global, demonstrated that most people in the countries surveyed are concerned about their culture traditions from immigrations. They think it may affect their national identity by immigrants bringing their culture with them. Also, there are some people who think about globalization from a different aspect. They think that their traditions may disappear from people who left their countries. For example, many young people from Paracho, Mexico are leaving the city toward America in order to find jobs. Their jobs as traditional guitar makers became less profitable, and the opportunity of having a good job in America is big, so people in Paracho are wondering how to keep......

Words: 584 - Pages: 3

Free Essay

Impact of Globalization in Malaysia

...1. INTRODUCTION Malaysia as described by many economists and development scientists is one of the fast growing developing countries in the East. The rapid process of economic development and increase number of population is a resulted from the globalization that Malaysia had experience. Globalization may be thought of initially as the widening, deepening and speeding up of worldwide interconnectedness in all aspects of contemporary social life, from the cultural to the criminal, the financial to the spiritual. Globalization is a situation explaining a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade (Wikipedia). Meanwhile, Palmer (2002) defines globalization as "the elimination of state-enforced restrictions on exchanges across borders and the increasingly integrated and complex global system of production and exchange that has emerged as a result”. Professor Madya Dr. Zaid Ahmad stated that, globalization is a recently emerging fashionable expression that carries several connotations. There are those who have used it to express what they argue as new phenomenon enveloping societies the world over. Generally, globalization involves three distinct processes such as the distantless, borderlessness and interconnectedness of nation-states Society always arguing about a process which is naturally unstoppable. Either unprepared for it or against it, they will simply......

Words: 5806 - Pages: 24

Premium Essay

Globalization & Bangladesh

...CHALLENGES OF GLOBALIZATION: HOW BANGLADESH CAN REAP ADAPT ITSELF TO REAP THE BEST BENEFITS IN THE 21ST CENTURY Lt Colonel Sharif Md Abul Hussain Dir Planning and Development, Bangladesh University of Professionals, E-mail: hussain2682@gmail.com ABSTRACT The study investigates specific information regarding the challenges of globalization faced by Bangladesh and how it should prepare itself to coup with the challenges. The result suggest that Bangladesh is not in comfort in coping with the winds of globalization, as it has less access to and use of different opportunities living at the margin in the hierarchies of global order with low technological base, poor infrastructures and governance in most arenas. The study also suggest that Bangladesh needs to be engaged with all its development partners in a healthy and constructive process of interaction on stabilization, reform programme and other critical issues like national capacity building, competitiveness, political stability, cross border terrorism, arms and drug trafficking, climate change and environmental degradation. The policy implication is that various economic policy orientation and utilization of resources should be as such that they can supplement economic growth in a sustainable manner and create avenues for employment. KEY WORDS: Benefit, Environment, Globalization, Governance, Infrastructure, Poverty, Population, Policy, Political stability, Resource 1.0 INTRODUCTION Globalization is a process of expanding......

Words: 6281 - Pages: 26

Premium Essay

Impact of Globalization

...THE IMPACT OF GLOBALIZATION ON INTERNATIONAL BUSINESS GROUP NO-01 FMG3231 INTERNATIONAL BUSINESS ECONOMICS FACULTY OF MANAGEMENT CONTENTS PAGE NO An introduction to international business 3 What is globalization? 6 The impact of globalization on international business 6 Future of international business and globalization 12 Summary 12 Reference 13 1. AN INTRODUCTION TO INTERNATIONAL BUSINESS International business involves all commercial transactions—private and governmental—between parties of two or more countries. Global events and competition affect almost all firms—large or small. However, the international environment is more complex and diverse than a firm’s domestic environment. An international business has many options for doing business, it includes, * Exporting goods and services. * Giving license to produce goods in the host country. * Starting a joint venture with a company. * Opening a branch for producing & distributing goods in the host country. * Providing managerial services to companies in the host country. Features of International Business Large scale operations: In international business, all the operations are conducted on a very huge scale. Production and marketing activities are conducted on a large scale. It first sells its goods in the local market. Then the surplus goods are exported. Integration of economies: International business integrates......

Words: 2743 - Pages: 11

Premium Essay

Impacts of Globalization

...Impact of Globalization Globalization of Markets: Refers to the merging of historically distinct and separate national markets into one huge global market place. Falling barriers to cross border market have made it easier to sell internationally. It has been argued for some time that the tastes and preferences of consumers in different nations are beginning to converge in some global norm, thereby helping to create a global market, for example Nike shoes are worn all over the world from Canada to Argentina, and from New York to Tokyo most people know about the brand name and demand that stores carry the brand. I recently visited the country of Colombia and found out that mostly everything that’s available in New York is available there also. I was able to find Rolex watches, Apple computers, Mercedes Benz luxury automobiles and so on. A company does not have to be the size of a multinational in order to participate and benefit from globalization of markets, any small firm can participate in the worldwide trade provided that they get the proper contacts and they do the proper due diligence to make sure they are working with legitimate companies in order to assure themselves to get paid for their goods and services because otherwise it would be very hard to collect on debt from overseas. The most global markets currently are not markets for consumer products, where national differences and tastes are still important enough to act as a brake on globalization. For......

Words: 1807 - Pages: 8

Premium Essay

Impact of Globalization

...     GLOBALIZATION AND ITS IMPACT ON BANGLADESH ECONOMY “Globalization was supposed to bring unprecedented benefits to all. Yet, curiously, it has come to vilified both in the developed and developing world”—Joseph E Stiglitz, Making Globalization Work, 2006. - PROF. DR. M A JALIL State University of Bangladesh ABSTRACT Today all the modern and developed and developing countries are more or less within the fold of globalization. Bangladesh with its expanding sway of exports and imports is no exception to that. Globalization is increasingly becoming more and more popular, because most of the countries see their better fortune in this arrangement. Globalization covers a wide range of issues, economic, political, cultural, etc. There are scopes of win-win gains of the involved countries in their dealings. Since the issue of globalization is more a dream than reality, an effort was made to make the readers more aware about the issue, so that they take more interest in implementing the nobler ideas of globalization. Bangladesh has been trying to bring structural changes in her economy- increasingly expanding the contributions of industries in GDP, trade liberalization, boosting up exports, exporting more manpower in abroad, encouraging them in sending remittances, and alluring the investors (both foreign and non-residents of Bangladesh) for DFI. The country found the results encouraging and more efforts will be rewarding. Recently, Bangladesh has taken......

Words: 11046 - Pages: 45

Premium Essay

Impact of Globalization on Education

...Culture and Globalization Table of Contents PREFACE ............................................................................................................................................................................... 2 INTRODUCTION ...................................................................................................................................................................... 2 GLOBALIZATION VS. LOCAL CULTURES .................................................................................................................................... 3 THE INFLUENCE OF U.S. CORPORATIONS ON LOCAL MORES ................................................................................................... 3 THE DOMINANCE OF THE AMERICAN MARKET .......................................................................................................................... 4 THE INTEGRATION OF CULTURES ............................................................................................................................................ 6 REAFFIRMATION OF LOCAL CULTURE ...................................................................................................................................... 6 A CLASH OF CIVILIZATIONS?.................................................................................................................................................. 7 CULTURAL IMPACTS OF GLOBALIZATION ....................................................

Words: 17261 - Pages: 70

Premium Essay

Globalization and Its Impact on Pakistan & Usa

...PERVAIZ KHAN L1S08BBAM0137 GLOBALIZATION “Globalization in an increased unification of world’s economics through reduction of such barriers to international trade as tariffs, export fees, and import quotas. The goal is to increase material wealth, goods, and services through an international division of labor by efficiencies catalyzed by international relations, specialization and competition.”(Friedman 1999). Globalization is an unrelenting integration of nation states, consumer markets, and technologies to an extent that has never witnessed before. Now globalization has enabled the companies and individuals to reach out world faster, farther, deeper and cheaper than ever. Globalization has leaded us to increasing integration of markets, products or services, culture, ideas, and communication. There were two drivers of globalization. First is, by end of World War II, there was a downslope in barriers to flow of capital, goods and services on world wide scale. Second is technological shift in past 3 or 4 decades have resulted in dramatic development in information processing, transportation technologies and communication. Globalization is not a new phenomenon - for thousands of years, people and firms —have been buying from and selling to each other in lands separated by distances. But government and technological changes have promoted globalization to a much greater extent as it did in past. Currently, the greater impact of globalization is much more accounted to......

Words: 3093 - Pages: 13

Premium Essay

Globalization and Bangladesh

...PART-1 1. Concept of globalization: Globalization means the coming together of different societies and economies via cross border flow of ideas, finances, capital, information, technologies, goods and services. The cross border assimilation can be social, economic, cultural, or political. But most of the people fear cultural and social assimilation as they believe this would have a negative impact on the existing culture of their society. Globalization therefore has mostly narrowed down to economic integration and this mainly happens through three channels; flow of finance, trade of goods and services and capital movement. Globalization is a term that includes a wide range of social and economic variations. It encompasses topics like the cultural changes, economics, finance trends, and global market expansion. There are positive and negative effects of globalization - it all comes as a package. Globalization helps in creating new markets and wealth, at the same time it is responsible for extensive suffering, disorder, and unrest. The great financial crisis that just happened is the biggest example of how negative globalization can turn. It clearly reveals the dangers of an unstable, deregulated, global economy. At the same time, this gave rise to important global initiatives, striving towards betterment. Globalization is a factor responsible for both repression and the social boom. What happens when there is a growing integration of economies across the globe?......

Words: 13616 - Pages: 55