[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