Political and Legal forces affecting Bangladesh
Transcript of Political and Legal forces affecting Bangladesh
POLITICAL AND LEGAL FORCES POLITICAL AND LEGAL FORCES IMPACTING ON BANGLADESHI BUSINESSIMPACTING ON BANGLADESHI BUSINESS
Presented by:Presented by:
Md. Asheque Hossain(082072530)Md. Asheque Hossain(082072530)
M. Ziaul Hoque(082076030)M. Ziaul Hoque(082076030)
Rafia Nabila(082189030)Rafia Nabila(082189030)
Section- 5, Group# 3Section- 5, Group# 3
IntroductionIntroduction
PoliticalPolitical and and legallegal forces are law frames that an forces are law frames that an
organization can or cannot perform. These political and organization can or cannot perform. These political and
legal forces have a dramatic impact on every business legal forces have a dramatic impact on every business
that operates. In the remaining phase of the assignment that operates. In the remaining phase of the assignment
we look into some of the industries in Bangladesh and we look into some of the industries in Bangladesh and
how these forces are impacting such industries.how these forces are impacting such industries.
Real Estate IndustryReal Estate Industry
Impacts:Impacts:
Must obtain registration Must obtain registration
from the authorities from the authorities
concerned.concerned.
Project designs should be Project designs should be
approved.approved.
Tax has been imposed on Tax has been imposed on
complementary goods.complementary goods.
Lack of initiative by not Lack of initiative by not
financing.financing.
Lack of monitoring which Lack of monitoring which
leads consumers to leads consumers to
purchase in unfair prices.purchase in unfair prices.
Corruption rate in these Corruption rate in these
organizations is very high.organizations is very high.
Filling low lands Filling low lands
forcefully.forcefully.
Take over lands Take over lands
forcefully.forcefully.
Extortion rate is high in Extortion rate is high in
these organizations.these organizations.
Telecommunication IndustryTelecommunication Industry Impacts: Impacts:
There have been minor corruptions in There have been minor corruptions in
the telecom industry according 2 the the telecom industry according 2 the
report of Transparency international report of Transparency international
Bangladesh but still it has had a Bangladesh but still it has had a
negative impact on the entire telecom negative impact on the entire telecom
industry as a whole.industry as a whole.
The regulatory body of the telecom The regulatory body of the telecom
sector is government influenced and sector is government influenced and
as such there are increased fees, less as such there are increased fees, less
competition, high costs and low quality competition, high costs and low quality
service.service.
Government regulations do not Government regulations do not
allow telecom companies to reduce allow telecom companies to reduce
call rates according to their call rates according to their
desires.desires.
Strict labor laws set by the govt. Strict labor laws set by the govt.
make it difficult for these industries make it difficult for these industries
to handle their labor department. to handle their labor department.
Payments such as bribes might Payments such as bribes might
have to be made to govt. officials have to be made to govt. officials
in order to implement certain in order to implement certain
changes in the industry. changes in the industry.
The Bangladesh govt. has made The Bangladesh govt. has made
VOIP illegal so that they can VOIP illegal so that they can
monitor international calls through monitor international calls through
their own channels and gain more their own channels and gain more
from the telecom providers.from the telecom providers.
The Bangladesh Govt. is also not The Bangladesh Govt. is also not
allowing new firms to invest in this allowing new firms to invest in this
sector and as such they are sector and as such they are
preventing more potential preventing more potential
competition.competition.
The Garment IndustryThe Garment Industry The inactions of the Govt. of The inactions of the Govt. of
Bangladesh has allowed Bangladesh has allowed
massive violence in this massive violence in this
sector.sector.
Govt. intervention in this Govt. intervention in this
sector is very noticeable.sector is very noticeable.
Strict Labor laws set up by Strict Labor laws set up by
the govt. makes it difficult to the govt. makes it difficult to
operate.operate.
Since there are no trade Since there are no trade
unions in the RMG sector, unions in the RMG sector,
workers are often given workers are often given
shelter and guidance by shelter and guidance by
political parties indirectly.political parties indirectly.
The local political leaders get The local political leaders get
the opportunity to make the opportunity to make
influence and pressure on influence and pressure on
Employers.Employers.
Export is hampered due Export is hampered due
to severe corruption at to severe corruption at
sea ports.sea ports.
Due to incorporation by Due to incorporation by
government official government official
problems are seen in problems are seen in
introducing new introducing new
products.products.
AcknowledgementsAcknowledgements
www.google.comwww.google.com www.wikipedia.comwww.wikipedia.com Text book.Text book.
THANK YOU.THANK YOU.