Direct Investment

Direct Investment

In conclusion, evidence shows that Bangladesh is among the countries that are poorly developed. It is affected by continuous natural disasters and falls on those countries that are highly impoverished. Recent investment on telecom and textiles industries has allowed the living standard of this country change raising the economic status. The current economic growth of the country stands at 6% per year, but this does not make the country a super power economic country. Operating at 31% poverty rate, the country requires some progress in order to solve the said problem, (Chowdhury, 2004).Companies such as Avalon Telecom are among the companies that help Bangladesh economy grow and change.

This company has an opportunity operating in this country as compared to countries such as Canada where telecom industry has grown intensively. The economy of Bangladesh is developed by the government policy making plus the foreign direct investment. Technology in general has changed the entire economy of this country simply because different upcoming companies have seen market opportunity in this country. Canada and Bangladesh share a bilateral trade relationship where they have signed a double tax avoidance which has also assisted growth of the country’s economy, (Chowdhury, 2004).

The company collects a lot of tax income on imported consumer goods for it charges a rate of 15% on all goods. Currently there is less market competition on the telecommunication industry, and that is why upcoming companies prefer investing in this country. The Canadian telecom companies have changed the country’s economic growth and focuses on entering its knowledge in other countries. The company targets underdeveloped countries because it believes it will have a desirable market without stiff competition, (Chowdhury, 2004).

Reference:

Chowdhury, M. R. (2004). Economic Exploitation Of Bangladesh: iUniverse

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