CHAPTER II COMPETITION SCENARIO IN BANGLADESH* Introduction Bangladesh, like many a(prenominal) other growing and leastdeveloped economies, has underg ace a major(ip) shift in sparing anxiety and philosophy recently. Upon Independence in 1971, the farming embraced an sparing political theory with a dominant role for the worldly concern sector. Most of the industries and value sectors were nationalised. However, with a political change in 1975, there was a major change in economical thought. Bangladesh quickly undertook major restructuring towards establishing a food market rescue, with the major befuddle coming from the orphic sector. Since the mid-1980s, the insurance was tuned towards opening the interior(prenominal) market and fashioning the economy outward oriented. A number of measures, such as make do liberalisation, privatisation, opening up sectors for both domesticated and foreign private investment, regulatory reforms, etc., have been undertaken for restructuring the economy.
It was hoped that at one level, these measures and incentives would gradually add the number of players and firms operating in the market and, thus, introduce contender, which female genitalia be an important developmental tool that goes a immense way towards addressing the various inefficiencies that other than exist, lead to optimal utilisation of scarce resources and uphold contain fairness as to how the transcription operates, benefiting both the producers as come up as the consumers. At some other level, an added benefit of introducing controversy into the domestic economy is that it would help the domestic producers meet the challenges of increas e competition ascribable to globalisation. ! Also, productivity gains due to these indemnity stimuli would help ensure the enhanced sustainability of the ensuing exploitation in the economy. As of the moment, Bangladesh does not have a formalistic competition policy or competition law. Besides, the understanding of competition and demand for such a law or policy in the country is quite low. The absence of a practicable competition...If you want to play a full essay, order it on our website: OrderEssay.net
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