ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Globalisation and Economic Transformation in a Peripheral Economy

There are two major interpretations of the term "globalisation". The first and mainstream view takes globalisation as the rational outcome of global economic "progress". A second, and dissenting view, gives more emphasis to the power and ownership aspects of the globalisation process. This paper argues that the present globalisation process embraces elements of both views and is essentially monopoly capitalism, advancing on a world scale that seeks to integrate peripheral economies into a single global system. As a peripheral economy Bangladesh has become more marketised, more globalised, and more urbanised; and in the process it has now a large number of super-rich and an increasing number of uprooted poor people. This paper makes an attempt to understand the integration process of Bangladesh with the global econom

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