Page 92 - ICE BUSINESS TIMES January 2020

Globalization

Getting

Ahead in

Globalization

veryday approximately 1.5 billion USD of It is widely acknowledged that the most
foreign exchange transactions, 8.9 trillion important strength of Bangladesh is
USD of products and 2.10 trillion USD of human capital. Here, the garments
services are provided internationally. The industry has provided much-needed
definition of globalization is livelihood to the masses. Now, the
controversial, but all of us agree that it is development of information and
a driver of change which is causing a communication technology (ICT) industry
global integration of economies, can do the same for the highly educated
technological innovations and politics. human capital in the nation. Bangladesh
Bangladesh is not immune to this Telecommunication Regulatory
powerful change. The benefits of Commission (BTRC) reports that the total
globalization have been reaped by the mobile subscribers exceed 164 million. On
ready-made garments industry with its the other hand, the number of Internet
phenomenal growth. Today it stands users is over 99 million, which is a
proudly as a global leader in the clothing promising number indeed. This high
industry. But there is more to be gained penetration of ICT proves that Bangladesh
By from globalization. This time, it is the is undergoing a technological revolution.
Adeba technological side that can pull the nation So how can this revolution pull the
A. Islam
into a boom. economy to the next level?

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