Meghe Group of InstitutionsDepartmentforTechnology Enhanced Learning1UNIT IV
MBA DepartmentII SEMBUSINESS ENVIRONMENTUNIT- VEconomic and BusinessEnvironment in SAARC Countries2DTELUNIT IV
SyllabusEconomic and Business Environment inSAARC Countries• SAARC Objectives• Structure of Economies in SAARC region• Brief Country profile• Economic Environment• Problems and Prospects in– Bangladesh– Sri-Lanka– Nepal– Pakistan– India3UNIT IV
SAARC Objectives• a) To promote the welfare of the peoples ofSOUTH ASIA and to improve their quality oflife• b) to accelerate economic growth, socialprogress and cultural development in theregion and to provide all individuals theopportunity to live in dignity and to realisetheir full potentials
SAARC Objectives• c) to promote and strengthen collective self-reliance among the countries of SOUTH ASIA• d) to contribute to mutual trust,understanding and appreciation of oneanothers problems• e) to promote active collaboration and mutualassistance in the economic, social, cultural,technical and scientific fields
SAARC Objectives• f) to strengthen cooperation with otherdeveloping countries• g) to strengthen cooperation amongthemselves in international forums on mattersof common interests• h) to cooperate with international andregional organisations with similar aims andpurposes
Structure of Economies in SAARCRegion SAARCECO.STRUCTURE
Bangladesh• Bangladesh is Located in the north-eastern part of South Asia. Themajestic Himalayas stand some distance to the north, while in the southlays the Bay of Bengal. There is West Bengal border on the west and in theeast lie the hilly and forested regions of Tripura, Mizoram (India) andMyanmar. These picturesque geographical boundaries frame a low lyingplain of about 1,47,570 square kilometer criss-crossed by innumerablerivers and streams. Mighty rivers are the Padma (Ganges), theBrahmaputra (Jamuna) & the Meghna and the Karnafuli.• Bangladesh offers many tourist attractions, including archaeological sites,historical mosques and monuments, longest natural beach in the world,picturesque landscape, hill forests and wildlife, rolling tea gardens andtribes. Tourists find the rich flora and fauna and colorful tribal life veryenchanting. Each part of the country offers distinctly different topography,flavors and food. It is home to the Royal Bengal Tigers, freshwater pinkdolphins, historical temples made of red earth.• Some of the better known tourist attractions are: Srimangal, where milesof tea gardens are located, Mainamati, Mahasthangarh, Paharpur forarchaeology, Rangamati, Kaptai and Coxs Bazar for sight seeing, and theSundarbans for wild life and the greatest Mangrove forest of the world,and Foys Lake for scenic beauty.
Bangladesh- Dress• Bangladeshi women habitually wear Sarees.• Jamdani was once world famous for its most artistic andexpensive ornamental fabric.• Moslin, a fine and artistic type of cloth was well-knownworldwide.• Naksi Kantha, embroidered quilted patchwork cloth producedby the village women, is still familiar in villages and townssimultaneously.• A common hairstyle is Beni (twisted bun) that Bangaleewomen are fond of.• Traditionally males wear Panjabis, Fatuas and Pajamas.• Hindus wear Dhuty for religious purposes.• Now-a-days common dresses of males are shirts and pants.
Bangladesh- Dress• Bangladeshi people have unique dress preferences.Bangladeshi men wear Kurta on religious and culturaloccasions, Lungi as casual wear and shirt-pant onformal occasions.• Shari is the main dress of Bangladeshi women. Sariweaving is a traditional art in Bangladesh.• Salwar Kameez is quite popular, especially amongyounger women.• Some women in urban areas also wear pants, skirtsand tops
Bangladesh- Cuisine• Panta Ilish - a traditional platter of Panta bhat with fried Hilsa slice,supplemented with dried fish (Shutki), pickles (Achar), dal, green chilliesand onion - is a popular serving for the Pohela Boishakh festival.• Bangladesh is famous for its distinctive culinary tradition, and deliciousfood, snacks and savories. Boiled rice constitutes the staple food, and isserved with a variety of vegetables, fried as well as curries, thick lentilsoups, and fish and meat preparations of mutton and chicken, and morerarely pork and beef by certain groups. Sweetmeats of Bangladesh aremostly milk based, and consist of several delights including Roshgulla,Sandesh, Rasamalai, Gulap Jamun, Kalo Jamun, Chom Chom. Several othersweet preparations are also available. Bengali cuisine is rich and variedwith the use of many specialized spices and flavours. Fish is the dominantsource of protein, cultivated in ponds and fished with nets in the fresh-water rivers of the Ganges delta. More than forty types of mostlyfreshwater fish are common, including carp varieties like rui , katla, magurchingŗi , as well as shuţki (dried sea fish). Salt water fish (not sea fishthough) Ilish (hilsa ilisha) is very popular among Bengalis, can be called anicon of Bengali cuisine.
ASSIGNMENT• Prepare country profile of remaining SAARCcountries in same format( ppt and report)• List of countries:1. AFG2. BHU3. IND4. MAL5. NPL6. PAK7. SRL
Problems And Prospects :Bangladesh• After West Pakistani owners of industrial enterprises fled in 1971,the government of Bangladesh seized their plants as abandonedproperties. The government suddenly found itself managing andoperating more than 300 medium- and large-scale industrial plants,which represented nearly 90 percent of the value of all suchenterprises in the new nation. It organized public corporations tooversee the major industries: jute, textiles, sugar, steel, paper andpaperboard, fertilizer, chemicals, pharmaceuticals, engineering andshipbuilding, minerals, oil and gas, food and allied products, andforest products. With government control over major industries andmassive inputs of foreign aid, the economy gradually returned tothe levels of the late 1960s, but it was still among the worldspoorest and least developed countries.
Problems And Prospects :Bangladesh• The main government institution responsible for coordinating nationalrehabilitation and development was the Planning Commission. SheikhMujibur Rahman , the first president of Bangladesh, led the formation ofthe national-level Planning Commission, which prepared plans thatdirected economic priorities for five-year periods. The First Five-Year Plancovered the period July 1973 to June 1978. It was succeeded by a two-yearplan, covering the period July 1978 to June 1980, which was followed by ayear-long hiatus. The Second Five-Year Plan (1981-85) and the Third Five-Year Plan (1985-90) put the planning process back on track. The broadobjectives of the Third Five-Year Plan were to reduce poverty, bring downthe rate of population growth to 1.8 percent annually, increase exports by5.9 percent and domestic savings by 10 percent, attain self-sufficiency infood production, and realize an annual growth of the gross domesticproduct of 5.4 percent. These ambitious goals went well beyond theprevious actual performance of the economy.
Problems And Prospects :Bangladesh• The Planning Commission translates the multiyear development plan intopublic investment through the Annual Development Programme. Thecommission also ensures that public programs and policies are in conformitywith its long-term strategy through its project approval process and throughits advisory position on the countrys highest economic decision-makingbodies, the National Economic Council and its Executive Committee. TheNational Economic Council in the late 1980s was chaired by the president ofBangladesh and included all government ministers plus the governor of theBangladesh Bank and the deputy chairman and members of the PlanningCommission. The Executive Committee of the National Economic Councilmade most of the decisions on major development projects and developmentissues in general. The committee included the ministers of key economicsectors (finance, planning, industries, commerce, and public works) and,according to the agenda, any other sectors concerned. A third organizationinvolved in the planning mechanism is the Project Evaluation Committee,which monitors the progress of five-year-plan programs.
Problems and Prospects in :PAKISTAN• http://www.iba.edu.pk/News/speechesarticles_drishrat/Pakistan_Economy_Challenges_Prospects.pdf• http://countrystudies.us