Globalization, Privatization and Free Market Economy

By C. P. Rao | Go to book overview

CHAPTER 14
Issues in Economic Liberalization Policies and Globalization: A Case Study of Bangladesh

MOHAMMED ABDUR RAZZAQUE

Since the late 1980s, the People's Republic of Bangladesh has taken several steps to liberalize its protected economy in response to global forces. It has replaced its antiquated pro-socialist economic policies with, modern pro- market policies. The adoption of these steps--long opposed by many of the country's policymakers on ideological and other sociopolitical grounds--is indicative of the government's boldness, pragmatism and economic wisdom. Undoubtedly, it has been driven largely by the need to upgrade the country's impoverished economy. No doubt, too, the economic success achieved by its Asia-Pacific neighbors has also played an important role in this respect.

Government sources tend to inflate the success of these policies in the media. However, their claims are not supported by the statistics. Indications abound that these policies have failed to achieve any significant success. Based on a recent exploratory study, this chapter evaluates these policies, identifies some of the reasons for their apparent dismal results and makes some suggestions to policymakers in Bangladesh.


INTRODUCTION

Economically backward nations of the world tend to share a desire to break the poverty circle prevalent in their societies and to achieve economic independence as quickly as possible. However, history will, testify that gaining economic independence is far more difficult than achieving political independence since political autonomy can be negotiated, legislated or won by force through war, whereas economic independence cannot. During the last three decades, the political leaders in many newly independent nations have attempted to induce economic growth and development through quick industrialization, pinning their economic aspirations on the industrial sector. This sector has been viewed as

-182-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Globalization, Privatization and Free Market Economy
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 286

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.