|Transnational Corporations in Bangladesh
Still at Bay?
ISBN 984 05 1284 6 1995 216pp 215x136mm HB Tk.350.00 US$23.00
The on-going world-wide turn towards economic liberalization and globalization-encompassing market-based reforms-has led the developing countries to view the transnational corporations (TNCs) as powerful catalytic agents in their development process. Being the major vehicles of the recently booming foreign direct investment (FDI), the TNCs have indeed phenomenally impacted on international production, investment, trade and technology. It is no wonder, therefore, that governments everywhere, including Bangladesh, are currently striving hard to woo TNC favours. However, for a variety of reasons, the inflow of FDI in Bangladesh has remained negligible as yet, although the picture now appears to be brightening up following the recent macroeconomic improvements. If this positive trend continues, the country may as well succeed in getting an increasing share of the globally rising FDI flow in the not too-distant future.
An attempt is made in this book to depict Bangladesh’s experiences with TNCs in the context of the unfolding FDI policy dynamics. It thoroughly analyses the role of TNCs in the Bangladesh economy and provides details on various forms of TNCs participation, their possible effects and also the relative strengths and weaknesses of the country in attracting FDL This book is the first major effort to present in a cohesive framework and in its proper historical perspective, a comprehensive picture of TNC operations in Bangladesh. It should be of immense value to academics, businessmen, policy planners, political leaders as well as donor agencies.
Dr. Sadrel Reza is currently serving as the Director General, Bangladesh Institute of Development Studies (BIDS), Dhaka. Prior to joining BIDS in 1993, he served Dhaka University in various capacities as Chairman, Department of Economics (1987-1990), and Director (1984-1987) and Chairman (1990-1993), Bureau of Economic Research. Intermittently, he has also worked as a consultant for a number of Ministries and agencies of the Bangladesh Government, including the Planning Commission, and for such international organizations as ADB, APDC, ESCAP, ILO, USAID, UNDP, UNCTAD, etc. Dr. Reza has authored and co-authored several books and a large number of research reports. He has published many scientific papers in national and international journals. His latest publication (with M.R. Shelley) is, Privatizing Industrial Regulatory Functions in Bangladesh (UPL, Dhaka), 1994.