Technological Advancement and Its Impact on International Trade Dynamics: A Comprehensive Study of Bangladesh

Authors

DOI:

https://doi.org/10.56532/mjbem.v2i2.22

Keywords:

Technological Advancement, Digital Transformation, Technology Growth Correlation

Abstract

This research delves into the intricate relationship between technological advancement and international trade dynamics in Bangladesh, a nation experiencing a burgeoning number of internet users and technological immersion. Analyzing data from a sample of 25 firms across diverse sectors, the study unveiled a potent correlation between technological adoption and firm growth. Notably, large firms in the Ready-Made Garments (RMG) and IT sectors demonstrated pronounced technological integration, positively influencing their trade growth. In contrast, the agriculture (AGRI) sector presented unique challenges, with medium and small enterprises perceiving technological assimilation as a significant barrier. Regression analyses reinforced technological adoption as a paramount determinant of growth, elucidating approximately 91.2% of the variance in firm growth rates. Despite the overarching positive trajectory, the research underscores variances in technological impact across sectors and firm sizes. Conclusively, while technology emerges as a catalyst for growth in Bangladesh's international trade, its uniform adoption and consequent benefits necessitate tailored strategies and infrastructural enhancements.

Author Biography

Md Jahirul Islam, Computer Science and Engineering, Ahsanullah University of Science and Technology. Dhaka, Bangladesh

I am Md Jahirul Islam. In my academic journey at Ahsanullah University of Science & Technology, I pursued a BSc in Computer Science and Engineering (Jun. 2015 – Jul. 2019), maintaining a CGPA of 3.529/4.00. My academic projects, notably the "On-Demand Service Worker App" and "Hospital Management System," showcase a profound commitment to innovative research practices that directly contribute to optimizing business processes. I am a Data Analyst based in Dhaka, Bangladesh, specializing in business research methodologies. In Kotha Apps & Technologies Ltd, I meticulously gathered and refined diverse customer data, utilizing advanced tools like Excel, Tableau, and Python libraries for sophisticated visualizations. My collaboration with senior analysts extended to constructing predictive models for customer churn analysis, playing a pivotal role in shaping strategic business decisions. As a Junior Programmer Analyst at Computer Ease Limited, I managed version control to enhance team collaboration, aligning with business-oriented coding practices. Furthermore, my prolific problem-solving on platforms like UVA and URI Online Judge reflects a keen understanding of how research-driven insights can drive efficiency and excellence in business technology solutions.

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Published

02.12.2023

Issue

Volume 2, Issue 2, December 2023

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Articles

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Copyright (c) 2023 Md Rakib Rakib; Md Jahirul Islam

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