This document discusses export diversification in Bangladesh. It begins with introducing the topic and presenting on export definitions. It then summarizes that export diversification means changing a country's export structure by diversifying products or improving existing ones. The document notes that Bangladesh has significantly increased exports from $0.36 billion to $30.2 billion, with readymade garments making up 81.2% of exports. To reduce vulnerability, it recommends diversifying products and markets to spread risks across sectors and increase income. The conclusion reiterates that diversification can improve production efficiency and help stabilize export earnings.
Pattern and Determinants of Export Diversification in BangladeshMd. Moulude Hossain
This paper analyzes the pattern and the main determinants of
export diversification in Bangladesh. A large data set of Bangladesh export during the period of 1980-81 to 2006-07 has been used for this purpose. Three main indexes have been used to explore the trend of export concentration and these three indicators of export diversification were calculated to determine the trend of export from Bangladesh. The
Hirschman Index, the Ogive Index and the Entropy Coefficient were used to analyze the diversification pattern of export from Bangladesh. From the analyses, robust evidence has been found across the specifications and indicators that the export basket of Bangladesh has continued to remain relatively undiversified and the country has not been able to translate its
comparative advantage into competitive advantage. Further, this study reveals that the export growth and overall economic growth are highly correlated and a robust restructuring in trade policy is needed for gaining momentum in diversification of export in Bangladesh. The analyses show that exports at the intensive margin account for the most important share of
overall trade growth. At the extensive margin, geographic diversification is more important than product diversification, especially for developing countries. Taking part in free trade agreements, thereby reducing trade barrier and costs, development of infrastructure and communication, extensive financing for export and policies emphasizing the development of human capital is now the need of time for improving diversification of export.
In this presentation, we will discuss various features and types of foreign trade. We will also discuss the favorable and unfavorable conditions for trading, important legal terms and agreements that needs to be maintained, methods of foreign trade, off-shore banking and overview on European currency units.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
International trade is distorted by countries applying tariff and non tariff trade barriers.
Want more FREE resources? Checkout the B2B Whiteboard youtube channel:
www.youtube.com/b2bwhiteboard
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It is a presentation of Bangladesh Studies,so here you will learn about how to growth up Bangladesh Economics from 1971.
Hopefully you will like this.
Thank you.
Pattern and Determinants of Export Diversification in BangladeshMd. Moulude Hossain
This paper analyzes the pattern and the main determinants of
export diversification in Bangladesh. A large data set of Bangladesh export during the period of 1980-81 to 2006-07 has been used for this purpose. Three main indexes have been used to explore the trend of export concentration and these three indicators of export diversification were calculated to determine the trend of export from Bangladesh. The
Hirschman Index, the Ogive Index and the Entropy Coefficient were used to analyze the diversification pattern of export from Bangladesh. From the analyses, robust evidence has been found across the specifications and indicators that the export basket of Bangladesh has continued to remain relatively undiversified and the country has not been able to translate its
comparative advantage into competitive advantage. Further, this study reveals that the export growth and overall economic growth are highly correlated and a robust restructuring in trade policy is needed for gaining momentum in diversification of export in Bangladesh. The analyses show that exports at the intensive margin account for the most important share of
overall trade growth. At the extensive margin, geographic diversification is more important than product diversification, especially for developing countries. Taking part in free trade agreements, thereby reducing trade barrier and costs, development of infrastructure and communication, extensive financing for export and policies emphasizing the development of human capital is now the need of time for improving diversification of export.
In this presentation, we will discuss various features and types of foreign trade. We will also discuss the favorable and unfavorable conditions for trading, important legal terms and agreements that needs to be maintained, methods of foreign trade, off-shore banking and overview on European currency units.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit: http://www.welingkaronline.org/distance-learning/online-mba.html
International trade is distorted by countries applying tariff and non tariff trade barriers.
Want more FREE resources? Checkout the B2B Whiteboard youtube channel:
www.youtube.com/b2bwhiteboard
Or join us on Facebook today: www.facebook.com/b2bwhiteboard
It is a presentation of Bangladesh Studies,so here you will learn about how to growth up Bangladesh Economics from 1971.
Hopefully you will like this.
Thank you.
The Review of Industrial Policies in Bangladesh from 1971 - 2014Hasanul Banna
The Review of Industrial Policies in Bangladesh from 1971 - 2014.
The Main Points of this assignment is
The Review of Industrial Policies in Bangladesh from 1971 - 2014.
The Review of Industrial Policies in Bangladesh from 1971 - 2
Industrialization is an essential pre -requisite for rapid and sustained economic development and social progress.
Modernization and structural transformation of the economy and diversification of the economic base and standard of living of the people are the universally recognized dynamic benefits arising from industrial development.
Industrialization is thus pursued as an overriding development objective in its own right.
In the past, efforts towards industrialization in Bangladesh were made under changing economic paradigm and political economy regimes. Since independence in 1971, a total of ten industrial policies have been formulated and adopted for industrial development of Bangladesh.
Concept of Industrial Policy.
The policy contents of industrial policy are now getting wider and wider. While the traditional role of industrial policy.
to influence the allocation of resources to industry, i.e., policies that affect the infrastructure of industry in general, such as the provision of industrial sites, roads, ports, and electric power,
to regulate the internal organization of particular industries, such as industrial restructuring, consolidation of firms, and output restrictions, and
To influence the growth of small and medium scale enterprises (SMEs), etc. remains as before, industrial policies are now directed at achieving on-economic goals.
Main Theme of Industrial Policy In Bangladesh
It has been 43 years since Bangladesh’s independent. Since then the country has formulated ten industrial policies.
The country till now has gone through 10 policies:
Importance of Industrial Policies in Bangladesh
The key to poverty alleviation lies in the generation of productive employment through rapid economic growth and structural transformation of the economy away from agriculture and toward industry.
While the slow growth of the manufacturing sector may be attributed to factors like energy shortage, reduced availability of bank credit, poor inflow of foreign direct investment (FDI) labor unrest, and poor law and order conditions no less responsible are the inconsistent policies.
The market failure approach makes public policy to focus basically on supplying lacking inputs: physical capital, skills, technology, etc. While this is an important policy area, developing countries also tend to suffer from a lack of demand for such inputs.
Market failures are not always easy to locate except in the most obvious situations (namely, education, infrastructure, etc.) and, when they can be located, their seriousness may not be apparent.
There is what amounts to a “private sector failure”, when a firm’s goal
Trade relations US & India; the changing facesCharmi Chokshi
this is a presentation on a different kind of trade relations between countries like US and India and their changing faces from years with the conclusion.
The Export-Import Policy of Bangladesh made by shahed shams shetuShahed Shams
International trade is the exchange of goods and services across national boundaries. It is the most traditional form of international business activity and has played a major role in shaping world history and has also been shaped by world history
Impacts of the Russia-Ukraine crisis on global and regional markets. Focus on...David Laborde
Presentation on the impact of Russia and Ukraine on global and regional markets with a focus on Mena countries.
David Laborde and Joe Glauber. March 6th.
Please check https://www.slideshare.net/DLabordeD/impacts-of-russiaukraine-crisis-on-global-food-markets for a stronger emphasis on global markets and Ukraine situation.
| Balance of Payment | BOP | Balance of Payment and Pakistan | Differences Be...Ahmad Hassan
Overview of balance of payment, definition and items included in balance of payment, balance of payment and balance of trade key difference, concept of balance of payment, causes of adverse balance of payment in the context of Pakistan
The Review of Industrial Policies in Bangladesh from 1971 - 2014Hasanul Banna
The Review of Industrial Policies in Bangladesh from 1971 - 2014.
The Main Points of this assignment is
The Review of Industrial Policies in Bangladesh from 1971 - 2014.
The Review of Industrial Policies in Bangladesh from 1971 - 2
Industrialization is an essential pre -requisite for rapid and sustained economic development and social progress.
Modernization and structural transformation of the economy and diversification of the economic base and standard of living of the people are the universally recognized dynamic benefits arising from industrial development.
Industrialization is thus pursued as an overriding development objective in its own right.
In the past, efforts towards industrialization in Bangladesh were made under changing economic paradigm and political economy regimes. Since independence in 1971, a total of ten industrial policies have been formulated and adopted for industrial development of Bangladesh.
Concept of Industrial Policy.
The policy contents of industrial policy are now getting wider and wider. While the traditional role of industrial policy.
to influence the allocation of resources to industry, i.e., policies that affect the infrastructure of industry in general, such as the provision of industrial sites, roads, ports, and electric power,
to regulate the internal organization of particular industries, such as industrial restructuring, consolidation of firms, and output restrictions, and
To influence the growth of small and medium scale enterprises (SMEs), etc. remains as before, industrial policies are now directed at achieving on-economic goals.
Main Theme of Industrial Policy In Bangladesh
It has been 43 years since Bangladesh’s independent. Since then the country has formulated ten industrial policies.
The country till now has gone through 10 policies:
Importance of Industrial Policies in Bangladesh
The key to poverty alleviation lies in the generation of productive employment through rapid economic growth and structural transformation of the economy away from agriculture and toward industry.
While the slow growth of the manufacturing sector may be attributed to factors like energy shortage, reduced availability of bank credit, poor inflow of foreign direct investment (FDI) labor unrest, and poor law and order conditions no less responsible are the inconsistent policies.
The market failure approach makes public policy to focus basically on supplying lacking inputs: physical capital, skills, technology, etc. While this is an important policy area, developing countries also tend to suffer from a lack of demand for such inputs.
Market failures are not always easy to locate except in the most obvious situations (namely, education, infrastructure, etc.) and, when they can be located, their seriousness may not be apparent.
There is what amounts to a “private sector failure”, when a firm’s goal
Trade relations US & India; the changing facesCharmi Chokshi
this is a presentation on a different kind of trade relations between countries like US and India and their changing faces from years with the conclusion.
The Export-Import Policy of Bangladesh made by shahed shams shetuShahed Shams
International trade is the exchange of goods and services across national boundaries. It is the most traditional form of international business activity and has played a major role in shaping world history and has also been shaped by world history
Impacts of the Russia-Ukraine crisis on global and regional markets. Focus on...David Laborde
Presentation on the impact of Russia and Ukraine on global and regional markets with a focus on Mena countries.
David Laborde and Joe Glauber. March 6th.
Please check https://www.slideshare.net/DLabordeD/impacts-of-russiaukraine-crisis-on-global-food-markets for a stronger emphasis on global markets and Ukraine situation.
| Balance of Payment | BOP | Balance of Payment and Pakistan | Differences Be...Ahmad Hassan
Overview of balance of payment, definition and items included in balance of payment, balance of payment and balance of trade key difference, concept of balance of payment, causes of adverse balance of payment in the context of Pakistan
Compare fashion education between buft & smuct.Sm Rahat
Compare Fashion Education of BUFT & SMUCT:
The readymade garments (RMG) sector in Bangladesh is an important sector of the nation's economy that gives employment to about 1.5 million workers and earns about 86% of total foreign exchange. Considering the vital contribution of the garment industry. There are about 4500 garments & 1000 Buying house in Bangladesh. Bangladeshi garments needs thousands of technically competent human resources. RMG search qualified person & BUFT & SMUCT ready to provide qualified person. BUFT & SMUCT trainers are successful in their professional life and many of the holding important position in the RMG sector; many are pursuing their career abroad. To provide good quality Fashion education. To develop the student ability to apply multi-disciplinary concepts, tools and techniques to solve organizational problems
To introduce the idea of exporting and profile its elements
To introduce the idea of importing and profile its elements
To identify the problems and pitfalls that challenge international traders
To identify the resources and assistance that helps international traders
To discuss the idea of an export plan
To outline the practice of countertrade
A sample on industrial visit report for MBA students by Bilal KhanBilal Khan
For those who wants to make a report on industrial tour or visit may have a look over it so that they could have a brief synopsis for creating a report on industrial visit
Role of the Cotton Textiles Export Promotion Council (TEXPROCIL) In the Devel...paperpublications3
Abstract: India, a country which is known for its textile manufacturing and handlooms, since the early times; and this is revealed by literary and archaeological evidences. India’s textiles manufacturing sector is one of the pillar of the national economy. Government of India has taken many steps to create a brand of Indian textile in the global arena. All the exporters are been provided with various different promotion council to promote their items. For each item there is an export council and for textile it is TEXPROCIL (The Cotton Textiles Export Promotion Council). “ By not just pulling away the protectionist measures, but also by enhancing business sector access, avoiding policies which distort competition & also to agree on reforms to world trade regulations; with the help of these council there can be boost in trade and also seize the opportunities that it offers for everyone, in the years to come”. Undoubtedly the coin has two phases similarly, the councils has some failing points also. The drawbacks of the council have leaded the exports to battle with various problems in promoting their products. The problems are been stated below.
EFFECTIVENESS OF MARKET DEVELOPMENT ASSISTANCE SCHEME IN HANDLOOM AND GEMS AN...SCHOLEDGE R&D CENTER
India is continuously experiencing trade deficit for many decades. It is trying hard to improve its exports. Government of India under the Ministry of Commerce has designed several export promotional measures to give thrust to the export various sectors. Market development assistance (MDA) is one such scheme designed by the government of India to give impetus in developing and promoting exports. This study try to examine how this scheme has helped in reaching the exporters and is it successful in helping them for finding new export markets, buyers, attending more exhibitions, trade fairs, opening new outlets, and increasing variety of products. Also, intend to understand the perception of MDA beneficiaries under handloom and gems & jewellery sectors. Primarily the study is focused on MDA and its impact on gems and jewellery, and handloom exports. The analysis of MDA beneficiaries has shown how both gems and jewellery, and handloom sectors are benefited by availing the MDA scheme. They state that, after availing the MDA, it has helped to improve their performance. They were benefited by attending exhibitions, trade fairs, buyer-seller meet and visiting number of listed countries. This has helped them to increase in sales, up-gradation, finding new markets and improved customer acceptance.
Assignment on Factor affecting avoidance of Income Tax in Bangladesh
Tax experience in practical life
How pay tax
Recent Tax payment system
Problem Face in paying Tax
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The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
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We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
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2. Topic Name: Export Diversification
Group Name: 5 Star
SL Name ID
01 S.M Al-Shahriar 120304790
02 Md. Foysal 120304830
03 Amit Hasan Prince 120304808
04 Md Momin Mia 120304783
05 Subha Saha 120304832
3. Export:
The term export means shipping the goods and
services out of the port of a country. The seller of
such goods and services is referred to as an
"exporter" and is based in the country of export
whereas the overseas based buyer is referred to as
an "importer". In International Trade, "exports" refers
to selling goods and services produced in the home
country to other markets.
4. Export diversification:
Export diversification, by definition is the changing of a country's
export structure. This can be attained by changing the existing
basket of commodities or by embellishing them through
innovation and technology. Dennis and Shepherd (2007) define
export diversification as widening the range of products that a
country exports. As a matter of fact, export diversification can
take two forms, namely, horizontal and vertical. Export
diversification has different dimensions and can be analysed at
different levels (Ali et al., 1991). Herzer and Nowak-Lehnmann
(2006) explain that export diversification can occur either
horizontally or vertically.
5. Introduction:
The acceleration of global trade in the latter half of the 20th century has
seen patterns of trade vastly differing from those predicted by classical
trade theories built around perfect competition, comparative
advantage and constant returns to scale (Krugman, 1980). Based on
Adam Smith’s concept of division of labor and specialization for
economic growth and development, and the Heckscher-Ohlin
Samuelson (HOS) model of international trade, countries should
specialize in producing those goods in which they have a comparative
advantage. Recent literature, instead, has found that countries appear
to diversify in terms of production and exports as they grow.
6. Export diversification and
Bangladesh
The need for different eggs and baskets Bangladesh has
come a long way in terms of its exports. With an export of
only $0.36 billion in fiscal 1973, the country has managed to
increase it to $30.2 billion by the end of fiscal 2014.
Comprising a share of 20 percent in the GDP, the
importance of exports remains critical to the overall
economic growth of the country.
8. Export diversification and
Bangladesh
Firstly, let us take a quick look at some of the facts regarding exports
of Bangladesh. The exports are largely dominated by readymade
garments, whose share was 81.2 percent in FY2014. Around 96
percent of all exported goods are manufactured commodities. If
we look at the table of top five manufactured goods, what we can
perceive is that Bangladesh's export basket is heavily concentrated
on one product that is the readymade garments.
9. Export diversification and
Bangladesh
With about four million workers and 81.2 percent of total export
earnings, a lot of the country's fate depends on a single sector. High
export concentration on the garment sector can make the economy
vulnerable to shocks. Shocks stemming from international financial
crises, however, are likely to have minimal effects on Bangladeshi
exports. This is because the share of Bangladeshi exports in world
trade is extremely small. To put this in perspective, let us take a look at
our largest export partner -- the USA. Total import of goods and
services into the USA was $2,766 billion in 2013 and the share of
Bangladesh is only a meager 0.2 percent of total US imports.
10. Export diversification and
Bangladesh
This depicts that Bangladesh has a vast world market for selling its
products. However, possible threats that Bangladesh's garment
exports may face mostly stem from domestic inadequacies and rival
countries. Currently, our garment industry has a comparative
advantage in two areas namely high capacity and low wages. With
5,600 factories, Bangladesh's apparel industry is ahead of countries
like Indonesia (2,450 factories), Vietnam (2,000 factories) and
Cambodia (260 factories) in terms of capacity.
11. Export diversification and
Bangladesh
However, the other prime factor, low wage, may not be a sustainable
comparative advantage for Bangladesh. The minimum wage in the
industry has already increased by 77 percent to $66.25 since December
2013. Though it is lower than in countries like India, Pakistan, Indonesia
and Vietnam, an increase in Bangladeshi wages will lead to a change
in its comparative advantage. Not only can a wage hike in the
domestic industry create a problem but countries emerging with lower
wages may pose threats to our industry as well. For instance in the case
of African nations such as Ethiopia, minimum wages can be as low as
$23 a month. In addition, African countries receive a zero duty benefit
for their exports to the US under the African Growth and Opportunity
Act,
12. Export diversification and
Bangladesh
whereas Bangladesh has to pay duty of 15.6 percent. African
garment exports to the US were $0.9 billion in contrast to Bangladesh's
$5 billion in 2013. It should not come as a big surprise if African
garment exports to the US gallop in the next few years. Nevertheless,
the effects of rising wages can be negated with the help of higher
productivity. But in terms of Standard Allowed Minutes (SAM),
Bangladesh has a productivity score of 40 percent in contrast to its
competitors Vietnam, India and Pakistan with a score of 80 percent in
garment production.
13. How to increase Export:
The question remains as to what can be done to increase
Bangladesh's exports? One way to do this is by diversification of
products. Along with introducing new products to the export basket,
the country can also focus on increasing exports from the existing
industries that can prove to be lucrative. For instance, if we look at
the exports of leather and footwear industry, we will see that they
have been growing at an average annual rate of 31 percent and 25
percent respectively during the last five years. Scope exists for these
industries to increase their exports further with the help of correct
policies.
14. How to increase Export:
Another way to increase exports is through diversification of markets.
In fiscal 2009, 93 percent of Bangladeshi garment exports went to the
traditional markets, namely the USA, the EU and Canada. This has
declined to 85 percent in fiscal 2014. The government gave cash
incentives to the garment industry (5 percent, 4 percent and 2
percent for 2009-10, 2010-11 and 2011-12, respectively) for exporting
to new destinations. This has increased exports and helped trigger the
process of market diversification.
15. Conclusion:
Food and Agriculture Organization of the United Nations (FAO) (2004)
maintains that, due to the absence of export diversification in
developing countries, decline and fluctuations in export earnings
have negatively influenced income, investment and employment.
With diversification, investment risks are spread over a broader
portfolio of economic sectors, which eventually increases income
(Acemoglu and Zilibotti, 1997). Romer (1990) believes that
diversification can be seen as an input factor that has an effect in
improving the efficiency of other factors of production.