Export Diversification and Role of Export Processing Zones (EPZ) in Bangladesh.pdf

Abstract

This paper explores the history of EPZ in Bangladesh, its legislative structure for operation and performance. This study has explored the contribution of EPZ in Bangladesh and how much it contributes to country’s economy in terms of employment, export and investment. The yearly growth rate of GDP is used as a dependent variable. It argues that developing countries can take advantage of the opportunities provided by EPZs for the acquisition of superior technology, upgrading of labor and managerial skills, and greater access to foreign markets. The paper then examines the development and economic significance of EPZs in Bangladesh. Export diversification and export-oriented activities, the development of stronger backward linkages, and the upgrading of the export-oriented legislation in Bangladesh are addressed. This study also tried to explore the contribution of EPZ in national economy, branding of products, export-incentives, infrastructures, investments & prospects including constraints of EPZ in Bangladesh.