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- W2936787514 abstract "In this paper, we analyze the prospect of the economic diplomacy of Bangladesh in engaging with ASEAN and its potential benefits. Bangladesh has enormous human resources and is a fast growing country in the South Asian region. Bangladesh has achieved high economic progress and reduced its poverty rate drastically due to export-led growth. However, maintaining the economy’s past growth performance becomes increasingly challenging. Therefore, Bangladesh needs to develop a strategic action plan for diplomatic engagement to focus on trade growth and diversity with ASEAN. To this end, Bangladesh needs to link with Asian Highway and Trans-Asian Railway in the desired path; reduce dependence on a single market as sustainable export development policy; and establish initiatives to streamline bilateral trade development. Although it is difficult for Bangladesh to create a win-win economic deal with each ASEAN member, an entire bloc backed by economic integration is relatively easy for a new trade vision. Bangladesh should agree in its aims and purposes, observe fundamental principles, and collaborate with the ASEAN community. It needs to adopt and enforce a results-oriented regional orientation policy to realize sustained socioeconomic returns from economic diplomacy with ASEAN." @default.
- W2936787514 created "2019-04-25" @default.
- W2936787514 creator A5058300208 @default.
- W2936787514 date "2018-12-30" @default.
- W2936787514 modified "2023-10-18" @default.
- W2936787514 title "Enhancing the Connectivity of Bangladesh with ASEAN in Doing Business in Asia" @default.
- W2936787514 doi "https://doi.org/10.16980/jitc.14.6.201812.99" @default.
- W2936787514 hasPublicationYear "2018" @default.
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