Manufacturing Industry of Bangladesh

Rashed Al Mahmud Titumir ()
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Rashed Al Mahmud Titumir: University of Dhaka

Chapter Chapter 3 in Numbers and Narratives in Bangladesh's Economic Development, 2021, pp 63-95 from Springer

Abstract: Abstract The chapter reveals that the number of productive sectors is not increasing, resulting in to a heavy dependence on a single sector—ready-made garment (RMG), making the economy susceptible to shocks due to non-diversification. In addition, the wage in RMG sector is low and the workers cannot exercise their rights, enshrined in global charters. The fundamental reasons for failing to enlarge job-creating productive capacities and transformation to formal sectors from excessive dependence on informal ones include the uncertain political environment, fragility of institutions, lack of business confidence and massive capital flight. The productive expansion and the diversification of the economy, therefore, remain constricted, resulting in little creation of job opportunities and decent living for median populace.

Keywords: RMG; Diversification; SME; Productive expansion (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-0658-8_3

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DOI: 10.1007/978-981-16-0658-8_3

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