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.