Free market economy

Free market economy has brought some changes and advantages in our economy

Expansion of trade and commerce all over the world. Promotion of regional and international cooperation.  Increasing opportunities for international economic support. Advancement in science and technology. Advancement in transportation and communication. Introduction of welfare economics. Free movement of foreign investment. Freedom of the consumers and the owners free from govt. free exchanges of foreign investment. Free exchanges of technology and capital among the countries. Thus free market economy has contributed to the progress of our economy. But for our country many opine this globalized economy has some serious side effects that are adversely affecting our economy. It is very clear that globalization has arranged an unequal competition between the developed and the undeveloped. So the industrially developed capitalist countries are on a triumphant march. It is creating more opportunities for capitalist countries other than the developing ones like ours. In the name of help and co operation the capitalist countries like usa the uk aare exploiting the cheap labor available in our country. The global strategy of development promises grater employment opportunities to people of our country but at the sometime it also promises high returns to the capital. Since our country is backward in science and technology it cannot excel in competition. As a result rich countries do better than the poor ones and prosper rapidly at the cost of others our market as they are not as good as the foreign goods.consequently our small industries  are meeting decay and being left unemployed. In the name of help and cooperation international financial institutions such as inf adb wb are trying to occupy market in the third world countries and thus making a huge profit they are providing loans to Bangladesh but they are imposing some conditions on our economy and politics .