Buy custom The Bangladesh Garment Industry: Challenges of the 21st century
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Also, due to high inflation and cost of living increasing in Bangladesh, the workers are demanding higher salaries, which in turn are ruining the comparative advantage of cheap labor of Bangladesh over other countries.
The scenario of international trade has changed to a large extent after the phasing out of MFA...
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Under the trade agreement, Bangladesh got a tax-free quota facility, which created an ensured market for Bangladeshi garments in the world market. But after the phasing out of the MFA, Bangladesh has been thrown into the open market where there is an acute competition among the exporting countries for global market share...
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