Abstract

Globalization is a recent issue which has its pros and cons. In a developing economy like Bangladesh the impact of globalization is diverse and complex. In the last three decades Bangladesh has been showing steady economic growth rate. One of the reasons for this economic growth is globalization. This paper will try to look at the impact of globalization on poverty situation in Bangladesh in the 1990s. It also portrays a brief idea how globalization could play an important role in the poverty situation in a developing economy. This paper has concluded that, globalization mostly had positive impact to poverty reduction in Bangladesh especially in the rural areas during 1990s; but it is also reality that, the inequality between the rich and poor broadens within this period of time in Bangladesh. This article argues that the public policy should go beyond the pursuit of globalization and create adequate opportunity for the vulnerable group of people and make them capable to take better advantage put forth by the globalization.

Keywords

globalization, economic growth, deregulation, liberalization, privatization, political turmoil, poverty situation