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South-Korea-Presentation

This study is about the socio-economic transformation of South Korea and, following that, how Bangladesh can improve its socio-economic condition. There is a suggested model for Bangladesh. By using it, Bangladesh can improve its condition.

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South-Korea-Presentation

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  1. A Development Model for Bangladesh Based on South Korea’s Socio-Economic Transformation Course Title: Area Studies for Development Studies Course No.: DS 3109

  2. Group Members:

  3. SOCIO-ECONOMIC TRANSFORMATION OF SOUTH KOREA

  4. THIS • TO • THIS

  5. HISTORY

  6. FACTORS CONTRIBUTING SOUTH KOREA’S SOCIAL CONDITION • Changing conservative family values • Gender equality and roles • Urbanization • Rapid development of Modern education • Industrial revolution • Growth of communication media • Increase in Transportation and infrastructure • the emergence of the middle class

  7. FACTORS CONTRIBUTING SOUTH KOREA’S ECONOMY largely positive international trade environment good relationship with the United States hard work and savings-oriented aspects of its neo-Confucian culture political and social commitment to economic progress Government policy

  8. Korean Government Guidelines

  9. Korea’sEconomicCooperationwithLDCs DevelopmentAssistance Source:OECD,2012

  10. Bangladesh-Korea Economic Relation: • Despite having duty-free market access for Bangladeshi products in the Korean market, Bangladesh has yet to enhance its export to Korea • Major Imported products from Korea include machineries, iron steel, telephones, automobiles, machineries for air-conditioning system, knitting machines, electroplates • Korea has impressive investment record in Bangladesh. Korea is the major investor among the East Asian countries • Over 31000 Bangladeshis are currently working in Korea. • Major Korean investment target to different manufacturing industries including textiles, leather goods and banking.

  11. • Firstly, by enjoying the benefit at par with those of other South East Asian countries. • Secondly, it would be better competitive over those of other supplying countries currently providing same or higher level of tariff vis-à-vis those of Bangladeshi product. • The unit value of different exporting countries shows that Bangladeshi product is not necessarily the most competitive one in the Korean market. • Hence reduction of tariff in other competing products as well as reduction of local content requirement under a possible FTA between Bangladesh and Korea would favorably contribute to Bangladesh’s export to selected categories of products. Prospect for Enhancing Economic Cooperation between Korea and Bangladesh:

  12. we have drawn a model (Integrated Sustainable Socio- Economic Development Model or ISSEDM) linking all the agents to major development issues in Bangladesh: A Model for Bangladesh Major Sector of ISSEDM 1.Structural change in GDP and Employment 2.Curtailment of poverty 3.Soft skill Development (Education, Health, Human Capital) 4.Uplift of Agriculture and Food production 5.Improved manufacture and industries 6.Externalization of Bangladesh Economy 7.Authorized Women and Poor 8.Penetration to Finance and Financial Inclusion 9.Hard Infrastructure Development 10.Population control and gender equalities 11.Compitible Urbanization 12.Balanced use of Natural Resources (water, natural gas, coal) 13.GO-NGOs Partnership 14.Ict and Technology Major Issues of ISSEDM

  13. Influencing Factors Delegates Government Private Sector NGOs All People

  14. Thank You!

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