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