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The Crisis in the World of Work in view of COVID-19: Is the Partnership across the RMG Value Chain in Reverse Order?

Author

Listed:
  • Khondaker Golam Moazzem
  • Tamim Ahmed
  • A S M Shamim Alam Shibly
  • Taslima Taznur

Abstract

The 7th Anniversary of Rana Plaza tragedy (24 April 2020) was observed in a completely different context in Bangladesh – particularly with regard to the world of work. The COVID-19 pandemic has forced the shutdown of all kinds of economic activities in the country since late March 2020 which severely affected businesses, employment, workers’ wages and earnings, occupational safety and health (OSH) and workers’ rights. The country’s world of work would be affected further in the coming days in view of the grim outlook on the economy for the rest of the period of 2020 and partly for 2021. Different national and international organisations have projected a lower level of GDP growth (between 1.6 per cent and 3.0 per cent in FY2020) (World Bank, 2020; IMF, 2020 & CPD, 2020), contraction of business, trade, personal and public services by 0.05 per cent of GDP (in case shorter containment) and 0.11 per cent (in case of longer containment) (ADB, 2020) and loss of manufacturing employment by about 0.38 to 0.95 per cent of total sectoral employment (ADB, 2020). Addressing such an economy-wide crisis requires a strong partnership among key players of major economic activities, particularly those involved in local and global value chains, most importantly in the Ready-made Garment (RMG) value chains.

Suggested Citation

  • Khondaker Golam Moazzem & Tamim Ahmed & A S M Shamim Alam Shibly & Taslima Taznur, 2020. "The Crisis in the World of Work in view of COVID-19: Is the Partnership across the RMG Value Chain in Reverse Order?," CPD Policy Brief 21, Centre for Policy Dialogue (CPD).
    • Handle: RePEc:pdb:pbrief:21
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    File URL: https://cpd.org.bd/resources/2020/08/CPD-FES-Policy-Brief-The-crisis-in-the-world-of-work-in-view-of-covid-19.pdf
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