Globalization and foreign government policy changes for economic development: lessons from Bangladesh

Abstract

The paper aims to present globalization and government policy changes for economic development. Emphasis has been given to the prevailing situation in the economy of Bangladesh. Globalization intends to make the world economy increasingly integrated. This study has been conducted on secondary data only. It is clarified that globalization opens up many global opportunities for countries. To avail the facilities, many countries change their policies to record a high growth rate, which inspires the government of the People’s Republic of Bangladesh to start liberalization in the case of investment policy and fiscal policy for creating a conducive environment to attract foreign investors to invest in Bangladesh to accelerate economic growth. It is clear in the study that despite the liberation policy adopted by the government of the People’s Republic of Bangladesh, the FDI inflows in the country are not up to the mark. The study has outlined some modest possible suggestions for better FDI inflows.