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Bangladesh Financial Review

David Wang 10/01/2012 Dr. Sluder ACCT 3311

Population Bangladesh is among the most highly and densely populated countries in the world. With a land area of 144,000 square kilometers (55,600 square miles), the population density is remarkable considering the fact that Russia’s entire population is slightly smaller than Bangladesh’s. In July of 2012 the population was estimated to be over 161 million. With extreme overpopulation, Bangladesh is one of the poorest countries on Earth, and most people are subsistence farmers. With more than 1,000 people per square kilometer (2,600 per square mile), the country is one of the most crowded on Earth. Poverty is widespread, and almost half of all Bangladeshis live on less than $1 a day. Economy Bangladesh is a developing economy with a good GDP growth of around 6% over recent years. Bangladesh has done well against the global economic meltdown of 2008-2009. Export earnings has been increasing in recent years with almost three quarters of the income being generated by Ready Made Garments (RMG) sector. Another source of revenue for Bangladesh is the expatriates who send billions of dollars back home each year. The Bangladesh economy is dependent on its huge and inexpensive labor force. Bangladesh is taking advantage of its population. However, this population is also the main cause of concern for the country as it remains poverty stricken and mostly unskilled. Having one of the highest population density in the world, Bangladesh economy will always face the challenge of feeding such a large population. More importantly, With this unskilled population, Bangladesh economy cannot diversify its earning source to any technology based business sector as those sectors will need a highly skilled workforce. Bangladesh economy is going to be dependent on

manual labor industries at least for the next ten years. In other words, Bangladesh is going to ride on its unskilled and cheap labor. With no other sector looking as potent as the RMG sector, it is safe to assume that Bangladesh will be dependent on the RMG industry for the next decade. But there is one question which is unanswered. Is Bangladesh’s growth completely dependant on the RMG industry? Is that giving birth to development? Or is it creating ‘growth without development’? Bangladesh’s RMG industry has provided employment to many people, but has it been able to change the fate of its workers? The answer is definitely no. Because we can see that even though the RMG sector is growing large, the workers of the industry are still poor and no change has taken place there. Equality for women
Sheikh Hasina, prime minister Begum Khaleda Zia , main opposition leader in the parliament Dr. Dipu Moni foreign minister Name : Wasfia Nazreen

Bangladeshi woman mountaineer Wasfia Nazreen conquered the summit of the Mount Everest early Saturday as part of her 'Bangladesh on Seven Summits' campaign, one of her associates said. Wasfia, 29, reached the highest peak of the Mount Everest at 6:41 am, associate Korvi Rakshand told in an email. This is for the first time a solo Bangladeshi woman with no other team members has led an expedition to the top of the world after she started her journey on March 26 to mark the Bangladesh's 40th year of independence. Her victory came within a week of Nishat Mazumder's expedition to the world's tallest mountain as the first Bangladeshi woman.

If so, here it is: In the 1950s and 60s, Bangladesh was a part of Pakistan called East Pakistan. Although Bangladesh contained the majority of the people, the area currently referred to as Pakistan held the majority of the power. Tension rose over the years due to the power inequality and geographic distance. Finally, war broke out and in 1971, Bangladesh gained its independence. A big player in the independence of Bangladesh is Shek Mjubar Rahman, considered the father of Bangladesh. Bangladesh has had several political struggles, but now the country is relatively stable. The president is Zillur Rahman. Sheikh Hasina is the Prime Minister of Bangladesh. The foreign minister is Dr. Dipu Moni. These are important people

to know if you are interested in visiting or doing business in Bangladesh.

Bangladesh Population
Coun try 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Bangl 129,19 131,26 133,37 138,44 141,34 144,31 147,36 150,44 153,54 156,05 156,11 158,57 161,08 adesh 4,200 9,900 6,700 8,200 0,500 9,600 5,300 8,300 6,900 0,900 8,500 0,500 3,800

Bangladesh Population Density Number of people per square kilometer
Country 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Bangladesh 961.45 981.53 1,002.22 1,023.37 1,044.78 1,066.3 1,083.7 1,084.17 1,101.2 1,118.65

Bangladesh Population Growth Rate %
Country 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Bangladesh 1.59 1.59 1.59 2.06 2.08 2.09 2.09 2.06 2.02 1.29 1.55 1.57 1.58

Bangladesh population below poverty line %
Country 1995 2004 2008 2010 45 36.3 31.51

Bangladesh 35.6

Bangladesh unemployment rate %
Country 1996 2001 2003 2004 2005 2006 2007 2008 2009 2010 2011 35 40 40 40 2.5 2.5 2.5 5.1 4.8 5

Bangladesh 35.2