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Management Case Study

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Management

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Saudi electronic university

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MGT 321

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qrkqrk07

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Management Case Study

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Management Case Study

Principle Reason for Economic Stagnation in Bangladesh

After the world war and attaining independence, Bangladesh went into an economic

stagnation period due to various reasons. One is that the country's leadership was corrupt

(Hill, 2008). There were a lot of poor government and dysfunctional institutions. There was

rampant abuse of power and misuse of public resources in leadership positions. Instead of

fostering economic development, the money was used for other non-necessary or personal

projects. The other principal reason was political instability (Hill, 2008). There was a natural

tendency that the government would collapse from rampant competition between the main

political parties used in the country by then. Individuals and governments lived in a state of

unrest, and thus, economic activities and projects were not highly prioritized.

Bangladesh was and is still a nation full of national calamities. Several cyclones and

hurricanes had disastrous effects imparting pressure on the national economy (Hill, 2008).

Although these calamities still happen to date, their impacts have been controlled in a way.

These natural calamities played a part in poor infrastructure in Bangladesh (Hill, 2008). Most

houses were built above water, thus making it difficult to build modern infrastructures. The

population was the other reason for the economic stagnation. The births and growth rate of

the Bangladesh population were still high. Thus, enormous environmental pressure on

available resources in return limited agricultural growth and food grain production.

Liberalization Program

During the 1990s, Bangladesh came up with policies programs to help them begin

economic success. One of the Liberalization programs used by Bangladesh was through

making their currency convertible (Hill, 2008). It referred to how easily their money would

be converted to other currencies. Currency conversion involves cash being used for all

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1 Management Case Study Student's Name Institutional Affiliation Name Of Course Instructor's Name Due Date 2 Management Case Study Principle Reason for Economic Stagnation in Bangladesh After the world war and attaining independence, Bangladesh went into an economic stagnation period due to various reasons. One is that the country's leadership was corrupt (Hill, 2008). There were a lot of poor government and dysfunctional institutions. There was rampant abuse of power and misuse of public resources in leadership positions. Instead of fostering economic development, the money was used for other non-necessary or personal projects. The other principal reason was political instability (Hill, 2008). There was a natural tendency that the government would collapse from rampant competition between the main political parties used in the country by then. Individuals and governments lived in a state of unrest, and thus, economic activities and projects were not highly prioritized. Bangladesh was and is still a nation full of national calamities. Several cyclones and hurricanes had disastrous effects imparting pressure on the national economy (Hill, 2008). Although these calamities still h ...
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Tags: effects of culture International Busines Economic Stagnation in Bangladesh