Preview

Bangladesh Economy: a Swot Analysis

Powerful Essays
Open Document
Open Document
3411 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Bangladesh Economy: a Swot Analysis
[2010]

[Bangladesh Economy: A SWOT Analysis]

Course Title: HRM 501
Submitted to: Lieutenant General Mohd. Aminul Karim
MBA Program

BRAC University
Prepared by:

Nushrat Sharmin
ID # 09264022 MBA Program Summer 2010 Semester

Introduction
This paper aims to examine Bangladesh's overall economy with special focus on strengths, weaknesses, opportunities, threats (SWOT) analysis. The research has found that Bangladesh is going to encounter series of economic hurdles in near future. Over the last few decades, Bangladesh has been following a development path that was blazed by the fast growing Asian economies with export led growth fuelling higher living standards and falling poverty. Despite this, it is not too difficult to posit that Bangladesh today has more in common with the laggards in Asia. Slow growth, rising inequality, and a deprived countryside deny the vast majority of the Bangladeshi people the opportunity to enjoy happier, healthier, and more prosperous lives. A SWOT analysis of Bangladesh Economy has uncovered its overall strength, weakness, opportunity and threat in terms of its current position in world economy. Despite some strengths and opportunities, Bangladesh has lots of weaknesses and threats that could seriously undermine nation's development process at any time. For moving forward, Bangladesh needs to identify the opportunities and the key weaknesses that the country faces and adopt appropriate measures.

Bangladesh Economy
Although one of the world's poorest and most densely populated countries, Bangladesh has made major strides to meet the food needs of its increasing population, through increased domestic production augmented by imports. The land is devoted mainly to rice and jute cultivation, although wheat production has increased in recent years; the country is largely self-sufficient in rice production. Nonetheless, an estimated 10% to 15% of the population faces serious nutritional risk. Bangladesh's predominantly agricultural economy

You May Also Find These Documents Helpful

  • Good Essays

    In the article “Don’t Blame the Eater,” written by David Zinczenko, he asserts that children have the right to sue fast food companies because their food made the children unhealthy and over-weight. Zinczenko believes that the fast food companies cause the childhood obesity because their primary concern is to make profit. Therefore, they do not care about the unhealthy food that their customers consume. He states that the fast food restaurants purposely target young children and teenagers because they enjoy cheap and readily available meal. As a result, they tend to eat at the fast food restaurants, such as McDonalds and Burger King, because they can…

    • 745 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Food is a necessity and without food we wouldn’t be able to survive. But what happens when that very essential thing we need to survive is not good for us? According to the website Centers for Disease Control and Prevention (CDC), more than one-third of Americans have obesity (Adult Obesity Facts). One of the major reasons causing obesity is a poor diet, what some call, the Western Diet. In Michael Pollan article “Escape from the Western Diet”, he argues that people should give up the western diet. Pollan reaffirm readers, that those who indulge in the ways of the western diet are prone to a variety of chronic diseases. The western diet, he argues, is not good and should be put to an end. As Pollan asserts, people should focus more on eating…

    • 805 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The largest and biggest contributor to Bangladesh’s economy is the agricultural sector. Seen often as the ‘unsung’ hero of our growth revolution, it still serves as the most significant industry in this country. In spite of its large contribution to employment, relatively speaking, its contribution to GNP falls short of expectations. Hence, as with other developing countries, the agriculture sector in Bangladesh can be classified as predominantly being ‘traditional’. This implies that it is mainly comprised of small households that suffer from technological stagnation, unskilled labor, and supply chain and market linkage problems.…

    • 2426 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    With 1983 sales of $1,167 million, B&D was the leading worldwide manufacturer of professional and consumer hand-held power tools. Over 100 products were produced in 21 factories around the world. By the late 1970s, B&D was confronting two important problems—a slower growth rate for the power tool market worldwide together with increasing foreign competition. At the same time, management realized that the American housewares market presented a significant opportunity. Capitalizing on its expertise…

    • 5502 Words
    • 23 Pages
    Good Essays
  • Good Essays

    Rice is the staple food of around 162.2 million people of Bangladesh and with the green revolution, subsequent liberalization policies, and introduction of HYV or MV rice has turned a dependent nation into almost self dependent in respect of food grain production. The country produces around 27-28 million tons of rice annually, against the requirement of around 30 million tons of rice. An insignificant amount of Aromatic rice is also exported. The country requires around 5 million tons of wheat against the production of around 2.5 million to 3 million tons. In a nut shell to meet the local demand of food grain Bangladesh need to import 2-3 million tons of rice and 2-2.5 million tons of wheat yearly. In overall, agricultural production planning has turned to market oriented or market driven approach with little exception to the rice production for obvious reason of local food security particularly in turn of the global crises in the food grain market during the 2008-2010 period. Unlike the previous crises, the recent one showed that even money is not always enough to buy a particular produce from the world markets if the crises is too pervasive. Even the exporting country might need to restrict export for won security. In respect of open and free market economy, (from global to regional to local level) performance of the marketing system of any agricultural produce whether public or private will denote the market stability and consumer satisfaction completing and helping to continue the economic production cycle of any commodity. Particularly in the developing countries public food procurement and distribution systems are common as tools of providing market stability and meeting emergency.…

    • 3415 Words
    • 14 Pages
    Good Essays
  • Powerful Essays

    References: Ahmed, S. (2009). Bangladesh 's economy: surrounded by deadly threats. International Journal of Social Economics, 36, 138-181.…

    • 1292 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Bangladesh domestic need for product is on increase and is still beyond its own production level making it obliged to import from foreign countries. Agro-based economy has made it backward in the industrial sector. A large number of labor forces are working in the agricultural sector. Industrial sectors lack efficient labor force and its growth obstacles by other constraints. Thus Bangladesh has to import products of billion dollars from foreign countries. Bangladesh had to import food products ago but now it imports more technological and raw material products for industrial sectors. So it spends more of its foreign earnings in importing products.…

    • 5636 Words
    • 23 Pages
    Good Essays
  • Satisfactory Essays

    A) Major Trade Partners of Bangladesh : Major trade partners of Bangladesh in terms of export and import are outlined below.…

    • 1923 Words
    • 8 Pages
    Satisfactory Essays
  • Good Essays

    Export Trend in Bangladesh

    • 2215 Words
    • 9 Pages

    Like many other third-world developing countries, Bangladesh relies quite heavily on exports to provide for the needs of its densely populated nation. Today the economy of Bangladesh has largely depends on the export position of the country. Before the independence and after the independence the main source of budget fund came from the export revenue and till now it is the major indicator of countries growth and economic stability for its principle role in exchange rate determination and GDP. In over three decades, Bangladesh has witnessed substantial growth in its export of goods and services. The volume of export, the no of exporting countries and as well as the range of exporting goods have widen substantially. Bangladesh has experienced not only a substantial increase in the volume of exports but also important changes in the composition of those exports; moving away from traditional items such as jute and jute products and towards new manufactured…

    • 2215 Words
    • 9 Pages
    Good Essays
  • Good Essays

    At independence in 1971, most observers of the newly emerged country took a pessimistic view about the developmental prospect of Bangladesh. Many thought that the country would remain permanently locked in a ‘below poverty level equilibrium trap’. Although there is little room for complacency Bangladesh has come a long way from there. About two-fifths of the economy is now connected with the global economy through exports, imports, factor and commodity markets; the degree of openness of the economy currently stands at 40%. Bangladesh can now rightfully claim that she has graduated from a predominantly aid receiving nation to a trading nation.…

    • 862 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    In real term Bangladesh 's economy has grown 5.8% per year since 1996, despite political instability, poor infrastructure, corruption, insufficient power supplies, and slow implementation of economic reforms. Bangladesh remains a poor, overpopulated, and inefficiently governed nation. Although more than half of GDP is generated through the service sector, 45% of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Bangladesh 's growth was resilient during the 2008-2009 global financial crisis and recession. Garment export, totaling $12.3 billion in the fiscal year 2009 and remittance from Bangladeshis, totaling $11 billion in fiscal year 2010, accounted for almost 12% of GDP.…

    • 4688 Words
    • 21 Pages
    Powerful Essays
  • Powerful Essays

    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, among the Next Eleven or N-11 of Goldman Sachs and D-8 economies, with a gross domestic product of US$269.3 billion in PPP terms and US$104.9 billion in nominal terms. The economy has grown at the rate of 6-7% per annum over the past few years. More than half of the GDP is generated by the service sector; while nearly half of Bangladeshis are employed in the agriculture sector. Other goods produced are textiles, jute, fish, vegetables, fruit, leather and leather goods, ceramics, ready-made goods. 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. The land is devoted mainly to rice and jute cultivation as well as fruits and other produce, although wheat production has increased in recent years; the country is largely self-sufficient in rice production. Bangladesh's growth of its agricultural industries is due to its fertile deltaic land that depends on its six seasons and multiple harvests. Transportation, communication, water distribution, and energy infrastructure are rapidly developing. Bangladesh is limited in its reserves of oil, but recently there has been huge development in gas and coal mining. The…

    • 3838 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Statistic Report

    • 2585 Words
    • 11 Pages

    The data we have used for our research include Real GDP of Bangladesh, Sector wise Export, Import, Remittance and foreign Aid. All data have been collected for the period of 2000-2013. The nature of all data used in this report is secondary.…

    • 2585 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    Jahan, K. and Hossain, Mosharaff, (1999). Nature and Extent of Malnutrition in Bangladesh: Bangladesh National Nutrition Survey, 1995-96, Institute of Food and Nutrition Science, University of Dhaka.…

    • 19362 Words
    • 78 Pages
    Better Essays
  • Powerful Essays

    Women Empowerment

    • 19986 Words
    • 80 Pages

    through the lens of equity and inequality. Poverty is not only about 'poor ' people but also…

    • 19986 Words
    • 80 Pages
    Powerful Essays

Related Topics