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Bangladeshi Economy on the Verge of Collapse

Bombay Dude

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The apparel industry in Bangladesh, which has turn-over of more than US$ 19 billion every year has visibly fell victim of certain vested interest groups inside and outside Bangladesh during the recent days. Syndicated media propaganda is continuing against Bangladeshi readymade garment industry, which employs approximately 2.7 million workers, mostly women from the unprivileged segments of the society. It is believed that, ever-flourishing status of the Bangladeshi textile industry enable the women in not only attaining self-sufficiency but also has greatly contributed in their empowerment. Most of the top ranking international brands already prefer Bangladesh as their priority choice because of cheap labors. It was also reported in the international media that, the Chinese giant exporters and manufacturers of apparel and textile products were already considering shifting their plants and orders to Bangladesh with the hope of keeping their business alive, as due to significant increase in labor wages in China, cost of production went hugely high, which already has caused buyers from feeling discouraged in buying their products from China. Bangladeshi factories make clothes for brands including Tesco, Wal-Mart, JC Penney, H&M, Marks & Spencer, Kohl's and Carrefour. The garments manufacturing sector earned US$19-billion in the year to June 2012, one of the impoverished nation's biggest industries. Bangladesh is the world's biggest exporter of clothing after China. Ready-made garments make up 80 per cent of the country's US$ 24-billion in annual exports. Consultancy firm McKinsey & Company has said Bangladesh would double its garments exports in the next 10 years.
While Bangladeshi apparel industry are at the footstep of golden opportunity, there is visible sign of extreme conspiracy against this most prospective sector in the country, by some vested interest groups, which are seeing creating crisis in the sector as a "potential" way of pushing the current government in Bangladesh towards dire economic catastrophe. The syndicate campaign against Bangladesh's most prospective industrial sector include broadcast of documentaries as well as publication of editorial comments almost on a regular basis, since past six months, which is a bad signal for the people of Bangladesh in general and the government in particular. The campaign is continuing everywhere, from Washington to London to Singapore to Kuala Lumpur to Manila to almost all other major cities in the world. The situation went even worst when a trade unionist in the apparel sector, Aminul Islam allegedly became victim of enforced disappearance and murder, which rocked top policymakers in the world, including US Secretary of State, Hillary Clinton, although according to some critics, Mrs. Clinton picked up the Aminul Islam issue as a potential 'weapon' to put pressure on the Bangladesh government in making them compelled in stepping back from the recent actions taken by the government led by Prime Minister Sheikh Hasina, against the founder of Grameen Bank, Dr. Mohammed Yunus, as the Nobel prize laureate is a long-time family friend of the Clintons.

Bangladesh economy under severe threat :: Weekly Blitz
 
So, how is the Bangladeshi economy collapsing again? Where in the article does it imply that the economy is collapsing? :confused:

Man, some serious inferiority complex going on here :lol:
 
So, how is the Bangladeshi economy collapsing again? Where in the article does it imply that the economy is collapsing? :confused:

Man, some serious inferiority complex going on here :lol:

what inferiority man ? they hold the great agni V , :D
 
@Idune, where are you? Are you still in bed sipping bed tea? Get up please, an Indian has hijacked your pet theory that BD economy is on the verge of collapse. Please chase the Indian out by making a strong denial of the imminent collapse.
 
@Idune, where are you? Are you still in bed sipping bed tea? Get up please, an Indian has hijacked your pet theory that BD economy is on the verge of collapse. Please chase the Indian out by making a strong denial of the imminent collapse.

This taunting is just creepy.

Or is there something more going on there? :hang2:
 
Not sure why Bombay_Dude bestows so much attention on Bangladesh.

hahahah... I am not sure either. He maintained pink status most of the time yet keeps on visiting BD section. The moment his color changes, he starts trolling and get pinked again. LOL

He never leaves the forum even when he is pink.
 
And your deduction from the article is - Bangladesh is on the verge of economic collapse? Genius! Round of applause for this genius

he made a simple typing mistake

title should have been Indian economy on the verge of collapse....

Starvation+Deaths+in+India.jpg
 
manufacturers of apparel and textile products were already considering shifting their plants and orders to Bangladesh with the hope of keeping their business alive, as due to significant increase in labor wages in China, cost of production went hugely high, which already has caused buyers from feeling discouraged in buying their products from China.

BOMBAY DUDE Please tell me how this same situation not going to hurt India when Indian factory workers start to demand higher or fair wages.
 

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