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    BREXIT and Bangladesh: An Exploratory Study on Likely Economic Implications

    Rahman, Mustafizur; Khan, Towfiqul Islam; Farin, Sherajum Monira | November 2018
    Abstract
    UK’s EU-referendum held on 23 June 2016, and the verdict of the British electorate to leave the EU (popularly known as Brexit), have important implications not only for the UK, but also for its major trading and economic partners, both within and outside of the EU region. This paper aims to capture the possible short- and mediumterm implications of Brexit for the economy of Bangladesh. The paper makes an attempt to anticipate the terms of Brexit, and what these could mean for Bangladesh’s bilateral economic relationship with the UK in a diverse range of areas. With the help of a gravity model exercise, the paper tries to capture the likely fallouts of Brexit on exports of Bangladesh to the UK. The paper argues that Bangladesh’s exports, remittances, FDI and aid could be significantly affected by Brexit. The paper comes up with a number of recommendations to address the likely challenges facing the Bangladesh economy arising out of Brexit.
    Citation
    Rahman, Mustafizur; Khan, Towfiqul Islam; Farin, Sherajum Monira. 2018. BREXIT and Bangladesh: An Exploratory Study on Likely Economic Implications. © Centre for Policy Dialogue. http://hdl.handle.net/11540/9495.
    ISSN
    2225-8175 (Online)
    2225-8035 (Print)
    Keywords
    Free Trade
    Trade Facilitation
    Trade
    Economic integration
    Regional Economic Integration
    Intraregional Trade
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Trade policy
    Economic development
    Economies in transition
    International economy
    Border integration
    Economic integration
    Gross domestic product
    Trade policy
    Trade Regulations
    Exchange Rate
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/9495
    Metadata
    Show full item record
    Thumbnail
    CPD-Working-Paper-121-BREXIT-and-Bangladesh.pdf (969.7Kb)
    Author
    Rahman, Mustafizur
    Khan, Towfiqul Islam
    Farin, Sherajum Monira
    Theme
    Trade
    Economics
    Labor Migration
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise