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Market Forces and Exploitation: Causes for Faster Growth and Competitiveness of Bangladesh Ready-made Garments Industry

Author

Listed:
  • Chowdhury, Mamun

Abstract

This paper explains the market mechanism and exploitation as a key source of growth and competitiveness of Bangladesh RMG sector. Market force is the key as it relates in the determination of wage and also in the stability of demand in global apparel market. On the other hand, exploitation is marked as a viable source of profit maximization for the factory owners. Labor abundance, as the paper unveils, is hereby responsible to empower factory owners as it weakens bargaining power of workers over their legal rights. In this backdrop, the paper examines the way of market manipulation by factory owners to accelerate their profit. Nevertheless, the paper interrogates the role of international buyers as they behave likely by overlooking workers welfare. The article is relied on both primary and secondary data. The study is based on qualitative method while statistical techniques like frequency distribution and frequency percentage are used to analyze data.

Suggested Citation

  • Chowdhury, Mamun, 2014. "Market Forces and Exploitation: Causes for Faster Growth and Competitiveness of Bangladesh Ready-made Garments Industry," MPRA Paper 127637, University Library of Munich, Germany, revised 10 Aug 2015.
    • Handle: RePEc:pra:mprapa:127637
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    References listed on IDEAS

    as
    1. Khondoker Abdul Mottaleb & Tetsushi Sonobe, 2011. "An Inquiry into the Rapid Growth of the Garment Industry in Bangladesh," Economic Development and Cultural Change, University of Chicago Press, vol. 60(1), pages 67-89.
    2. Mohammad Ismail Bhuiyan, 2013. "Reasonable Wages for Workers to Eliminate Unrest in Bangladesh's Ready-made Garments (RMG) Sector," Bangladesh Development Research Working Paper Series (BDRWPS) BDRWPS No. 17, Bangladesh Development Research Center (BDRC).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor

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