The Garment and Textile Industry in Bangladesh Essay

Bangladesh are not nearly as strong, and their economic strengths pale in comparison to Australia’s. Australia are blessed in regards to resources and they are geographically close to one of the largest growing regions of the world, Asia. Australia’s economy is also incredibly resilient, Australia being one of only three countries not to record a period of economic contraction since data begun being recorded in 1991. The only real economic strength of Bangladesh, on the other hand, is that countries like China, Japan and Australia are beginning to outsource labor to Bangladesh, and this gives work to Bangladeshi citizens and brings money into the

• The enormous surplus of labor in China imperils workers worldwide as international competition puts incessant downward pressure on wages and working conditions, leading the apparel and textile industries to favor the cheapest and most Draconian producers.

The Indian textiles chart showed how India used machines to produce greater yarn and cloth amounts in 1914 as compared to the production in 1884. As well it demonstrated how the amount of people using machine made textiles had greatly increased opposed to hand made textiles (Doc 1). In 1916 Radhakamal Mukerjee, an Indian economist, explains how that handwoven textiles cannot keep up with the machine made textiles, and therefore is on a decline (Doc 6). This identifies how India is moving towards

Create a benchmark for all the subsidiary companies to afford a safe working environment in other countries such as Bangladesh and Vietnam

The race to the bottom is where the cheapest prices win. They choose to set up factories in Bangladesh in lower their prices. The workers in Bangladesh will work for less than in other countries.

The introductory of the documentary examines the fabric mills of Bangladesh. It is very competitive in the international market place to find low cost labor; when merchandise manufactured in another country is imported these country put on a duty rate. Apparel companies contemplating low cost labor,

In Bangladesh there have been many problems due to the small market and their extremely low cost. So for american companies like Walmart, H&M, Tommy Hilfiger,etc bangladesh is a goldmine because they produce quality work and at a very cost. Although with their low cost there is a high demand for their goods, which rushes the production process resulting in injury.

Bangladesh is a moderate Islamic country with about 90.2 percent Muslims, 8.2 percent Hindus, and Christians and other minorities comprising the rest 2 percent.

Fifty years ago almost all clothes sold in the U.S. were made here. Now almost 98% of the clothes sold here are made in other countries. For big retailers like Walmart, and Forever 21 they are able to sell clothes at low prices due to clothes being produced in other nation “where labor and other costs are less expensive,” as stated in “The Real Cost of Fashion.” How this works? Well, an example from “The Real Cost of Fashion.” Says, “For example, it costs $3.72 to manufacture a denim shirt in Bangladesh. To make that same shirt in the U.S. costs $13.22. Lower costs mean U.S. stores can sell clothes for less and still make a profit. For U.S. shoppers, it means more clothes in their closets and more money in their wallets to buy other things.” But three years ago, a tragedy occurred in a building in Bangladesh. 1,127 workers died while about 2,500 workers were injured when the building collapsed. This building contained five factories which made clothes to sell in the U.S. and Europe. Officials then discovered the owner of the building illegally added more floors and let the companies place heavy gear that the building wasn’t sturdy enough to support. According to “The Real Cost of Fashion,” Bangladesh’s government “temporarily closed about 20 factories for safety violations. It also announced plans to raise the country’s minimum wage. Bangladesh has some of the lowest-paid workers in the world.” They get paid less than $2 day. It

Q2: The Seen and Unseen Forces of the Great Textile Industry and the System It Encompasses

Then, the foundation of People’s Republic of China and the implementation of the ‘Five-Year Plan’ accelerated the development of China 's textile industry greatly. But china’s textile industry really started to develop after 1978 when the Chinese government decided to focus on economic reconstruction, and implemented reform policies like the opening policy. And these new policies not only stimulate textile industry development but also enabled china’s textile industry to forge new economic ties with other countries. The development of the national economy, the development of the modern technology and equipment as well as the expansion of foreign trade has made the textile industry become flourishing. Another one of the significant achievements coming in 1983, when china canceled the three decade-long practice of issuing coupons. And in the past, the operation of textile industry in china was under the planned economy, which means raw materials were allocated with low prices which were set by the State, production tasks were assigned by administrative orders and the marketing of finished products was monopolized by State-owned commercial departments.

Globalisation is not a necessary condition for poverty reduction, but Bangladesh is a special case because it has been

Bangladesh is a small South Asian country that boarders the Bay of Bengal and India. Bangladesh is a developing nation that has experienced steady economic growth over a sustained period of time. However, economic growth alone does not make a nation fully developed. Using W.W. Rostow’s 5 stages of development1, the economy of Bangladesh will be analyzed and compared to the economy of the United States of America (USA). The development of Bangladesh will be determined using relevant economic and social data found in the CIA World Fact Book and other sources.

Readymade Garment (RMG) Industry occupies a dominant position in the export-manufacturing sector of Bangladesh. The advent of the RMG sector happened during the early 80s in Bangladesh. Since then, due to supportive policies of the Government of Bangladesh (GoB), this industry has experienced a significant growth. In 1988, the export-oriented RMG sector overtook the traditionally dominant jute sector in terms of gross export accruals. And since then this sector has continued to consolidate it predominant position in the export basket of Bangladesh. According to data of 2003-2004 financial year, the export earnings of the RMG sector was 5686.09 million US dollars,

One of the major advantage for any industry in Bangladesh is lower cost of land in urban areas. This helps all the major telecommunication firms in our country to set up offices inside the main city.