Globalization: a way of prospects and threats for the economy of Bangladesh

Globalization is viewed purely in its economic dimension-defined as increasing integration of a national economy with the world economy through exchange of goods and services, capital flows, technology, information and labour migration. It has become a rare opportunity to breakout the cycle of perennial poverty. More and more countries consider global economy as path to economic success. Multinational Corporations continue looking for new markets and low-cost production sites, and creating new opportunities for those countries to participate in the global economy. Bangladesh with her low economic profile has already aligned with the globalization process. A number of remarkable changes have been observed in the economic arena. Obviously, the potential benefits of globalization for Bangladesh are great. Increased access to capital inflow and technology, availability of goods and services at lower costs and employment opportunity are remarkable benefits for the economy of Bangladesh.