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International Business - Bangladesh

   

Added on  2020-12-29

8 Pages2300 Words205 Views
International Business Acrossborder

Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1Overview of Bangladesh.............................................................................................................1Political, Economic, Socio-cultural and Technological influences and advantages ..................1National resource and factor endowments that create competitive advantage............................2Foreign currency and exchange influences ................................................................................3Bangladesh existing trade policies, systems, barriers and incentives .......................................3Existing levels of Foreign Direct Investment .............................................................................4RECOMMENDATION..............................................................................................................4CONCLUSION................................................................................................................................4

INTRODUCTIONInternational business is all about trading good and services along with technology orcapital and many other things across the national border. It can be said that international businessis an exchange between multiple nations. In this present report Bangladesh nation has beenchosen for assessment. This report will focus on Foreign currency and exchange influences. Inaddition to this, Bangladesh existing trade policies, systems, barriers and incentives will becovered in detail. Furthermore, National resource and factor endowments that create competitiveadvantage will be focused and analysed in brief. Other than this, Political, Economic, Socio-cultural and Technological advantages will also be described in depth.MAIN BODYOverview of BangladeshBangladesh is one of the world's most densely populated nation. This is one of thecountry where poverty is deep and people are suffering from it but today Bangladesh hasachieved the success by reducing poverty and its population growth (Deresky, 2017). Bangladeshgot established in the year 1971, after the war in which Pakistan got divided in two parts. Thenation now resides in to a delta of rivers which get empties in the Bay of Bengal. Bangladesh gotits democracy in the year 1990 and has spent 15 years under the rule of Military. Other than this,International business in Bangladesh when the nation got the license for the same by Director ofTrade organisations. It helped the country in expansion of its business and earning higherrevenue by the same. Political, Economic, Socio-cultural and Technological influences and advantages Political factor: Bangladesh is a nation where there is parliament democracy. In every five years government getselected by the people from the different political parties. Government of the country has madedifferent regulations on taxation policies by applying many taxes like value added tax, incometax and different direct taxes (Hamilton and Webster, 2018). The country has also made theequal policy for investor weather they are foreign investor or from the own country. To make theForeign direct investments better the government has made different policies for the same. Alongwith this, for the business man the import duty on capital machineries has been lowered downand duty free imports for exporters so that nation can export more and earn by the same. 1

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