BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES

MANAGING THE GLOBALISATION SYNDROMES IN BANGLADESH: SOME OPTIONS FOR FUTURE

Author: Delwar Hossain

DOI Link: https://www.doi.org/BIISSj2002v23n1a2

ABSTRACT

The process of globalisation is a reality for Bangladesh generating a major policy challenge for the people and government in the country. The underlying fact behind this challenge is conceived here as the problem of incongruence of pre-existing and existing rules of game which largely detennine performance of government, private and non-government organisations. As a developing nation, what could Bangladesh do to cope with this new challenge? This paper critically examines the key question as to what policy option Bangladesh may pursue in order to manage globalisation syndromes? In this regard, three major policy options based on diverse conceptual foundations may be explored among which the country is destined to go after a single and appropriate path for national development. The choice of option is a critical issue in order to adapt to the process of globalisation. Based on conceptual understanding of neo-institutionalism, it is strongly argued that the most credible path in this regard is to focus on institutions at various spheres of our national life. Empirically two successful cases in our national activities -micro credit sector and electoral system -clearly illustrate that the organisational success largely depends on institutional innovation and governance structure. The four critical components of a new governance regime such as getting the rules right, public-private co-operation, changing role of the government and national information and knowledge system will enhance state capacity that may have positive impact on domestic governance in order to manage globalisation syndromes in Bangladesh.