RMG in Bangladesh

Rifat Darina Kamal and Z.R.M. Abdullah Kaiser

Foreign Trade Review, 2015, vol. 50, issue 2, 135-147

Abstract: Hostile political conflicts have caused Bangladesh to miss out many global economic opportunities despite much achievements made since independence. Its evolving readymade garments (RMG) sector is one of the most affected sectors of this malicious politics. The focal point of this article is to demonstrate the recent violence of vicious politics of Bangladesh and its effect on the evolving RMG sector. The result shows that the average losses in this sector due to the recent political turmoil are very alarming. Moreover, foreign buyers have cancelled their orders from Bangladesh for uncertain shipment for the same reason. It is an ominous sign for a developing sector. So, the main objective of this article is to figure out the losses and missed opportunities of the RMG sector caused by the political impasse and to provide some suggestions to protect the RMG sector from these political atrocities.

Keywords: P16; G01; M21; P23; Political turmoil; readymade garments sector; eroding profit; image crises; order cancellation; financial hardship (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:sae:fortra:v:50:y:2015:i:2:p:135-147

DOI: 10.1177/0015732515572060

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