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View attached explanation and answer. Let me know if you have any questions.OUTLINE1OutlineStudent’s NameInstitutional AffiliationInstructor’s NameCourseDateOUTLINE2OutlineI.Introductiona. Title: Economic Stagnation of BangladeshII.Section onea. This section discussed the Reasons for the Economic Stagnation of Bangladesh AfterIndependenceIII.Section twoa. This section discussed how the Liberalization Program in Bangladesh Led toEconomic Progressb. This section discussed the lessons which can be used to other countries’ economicgrowthIV.Section threea. This section discussed Bangladesh’s risk of overdependence on agriculture andtextile exportsb. This section discussed ways in which Bangladesh can diversify its commercial andindustrial base.V.ReferencesECONOMIC STAGNATION OF BAGLADESH1المملكة العربية السعوديةوزارة التعليمالجامعة السعودية اإللكترونيةKingdom of Saudi ArabiaMinistry of EducationSaudi ElectronicUniversityCollege of Administrative and Financial SciencesAssignment 1Introduction to International Business (MGT-321)Due Date: 12/03/2022 @ 23:59Course Name:Student’s Name:Course Code: MGT-321Student’s ID Number:Semester: SecondCRN:25143Academic Year:2021-22-2ndFor Instructor’s Use onlyInstructor’s Name:Students’ Grade:Marks Obtained/Out of 10Level of Marks: High/Middle/LowGeneral Instructions – PLEASE READ THEM CAREFULLY••••••••The Assignment must be submitted on Blackboard (WORD format only) via theallocated folder.Assignments submitted through email will not be accepted.Students are advised to make their work transparent and well presented; marksmay be reduced for poor presentation. This includes filling in your information onthe cover page.Students must mention question numbers clearly in their answers.Late submission will NOT be accepted.Avoid plagiarism; the work should be in your own words; copying from studentsor other resources without proper referencing will result in ZERO marks. Noexceptions.All answers must be typed using Times New Roman (size 12, double-spaced)font. No pictures containing text will be accepted and will be consideredplagiarism).Submissions without this cover page will NOT be accepted.ECONOMIC STAGNATION OF BAGLADESH2Learning Outcomes:1. Analyze the effects of culture, politics and economic systems in the context ofinternational business(Lo 2.1)2. Explain the forces driving and evaluating the impact of globalization (Lo 1.3)3. Carry out effective self-evaluation through discussing economic systems in theinternational business contextCase studyPlease read Case 3: “Economic Development in Bangladesh” available in your ebook (International business: Competing in the global marketplace (13th ed.), onpage no.629, and answer the following questions:Assignment Question(s):1. What were the principal reasons for the economic stagnation of Bangladeshafter its war for independence?(marks: 2)2. Explain how the liberalization program in the 1990s enabled Bangladesh toclimb the ladder of economic progress. What are the main lessons here that canbe applied to economic development in other nations? (marks: 4)3. Bangladesh is dependent on its prosperity upon agriculture and textile exports.What are the risks here? How might Bangladesh diversify its industrial andcommercial base?(marks: 4)AnswersQuestion One: Why Bangladesh’s economy stagnated in the period afterindependencePolitical instabilityThe amendment of the constitution to produce a one-party presidentialsystem of government exacerbated political instability in Bangladesh. Bangladeshestablished a body after independence that included four fundamental conceptscritical to the country’s democratic procedures. The constitution was changedwithin a few years to create a one-party federal structure rather than a multi-partyone (Kabir et al., 2019). This was a significant setback in Bangladesh’sdemocratic journey. Because of the political unrest in Bangladesh, residents haveECONOMIC STAGNATION OF BAGLADESH3an enormous chance to involve in rebellions rather th…
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