President of Institute of
Chartered Accountants of Bangladesh
Distinguished Guests
Ladies and Gentlemen
I am indeed honoured and pleased to be with you this evening in this inaugural session of the seminar on “Globalization : Threat or Promise for Bangladesh?” During the past three decades a remarkable globalization has taken place in the world economy. All the countries of the world, whether big or small, have been affected by this process of globalization. Some of the impacts of globalization have decidedly been positive. However, some specific aspects of globalization have also raised very genuine concerns. I commend the organizers for selecting globalization as the theme of this seminar which would enable a dispassionate and objective discussions on globalization, especially whether increasing globalization pose threat to Bangladesh or also offers opportunities.
We firmly believe that globalization has a major role to play and opportunity to offer to us in terms of increasing trade opportunities and prospect for flow of capital into Bangladesh. As the recent economic trends have confirmed increasing globalization has led to greater specialization, greater mobility of capital and technical know-how as well as significant increasing global trade flow. Production processes have also undergone radical transformation and these are not confined to one country or one area. Major economic actors in the world economic scene have not only dispersed their production bases in different parts of the world but have also increasingly resorted to outsourcing major components and raw materials needed in their production plants.
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