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Essay / Research Paper Abstract
This 8 page paper examines the economy of Bangladesh. The paper is written n 2 parts. The first, and largest part of the paper part looks at the overall economic performance and international trade patterns for Bangladesh. The second part of the paper the paper presents information on the business environment from the prospective of a business person in the country. The bibliography cites 3 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEbangla.rtf
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Unformatted sample text from the term paper:
jute industry was very important, but after polypropylene products became popular this industry declined rapidly and the garment industry took over as a major industry. The growth rates have
been larger in the past that at the current time and despite rates as high as 57% during the 1970s and 29% growth in the 1980s followed by 24% in
the 1990s the economy remains poor with the rapid growth rate reflecting the very low starting point. The GDP has been growing. In 2005 the GDP was equal to
US $63.56 billion, a per capital value of US $2,100 (CIA, 2006). 19.9% of the GDP value comes from agriculture, but this sector employs 63% of the workforce. 19.8% of
the GDP is form industry, where 11% of the workforce is employed and 60.3% of the GDP comes from services which employs 26% of the population. It is also worth
noting that there is a large level of labour exported to Saudi Arabia and other middle east areas such as Oman and Qatar as well as Malaysia. This results in
large remittances back into Bangladesh. Unemployment, including under employment is estimated at 2.5% and 45% of the population live below the poverty line (CIA, 2006, Bhattacharya, 2006). Growth
is expected to continue as is international trade, looking at the actual levels of trade for 2005 and the projection for 2006 and 2007 show continual growth. Figure 1
Macro Economic Conditions in Bangladesh (Bhattacharya, 2006). 2005 (actual) 2006 (projected) 2007 (projected) Real GDP Growth (%) 5.5 6.5 6.8 Gross domestic investment (% of GDP) 24.4 25
25.5 Private investment (% of GDP) 19.4 19.1 19.3 CPI Inflation 6.5 6.5 6 Total public spending (% of GDP) 13.9 15.5 15.7 Exports (FOB in US $millions) 8579
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