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NYT:Wages in Bangladesh Far Below India.

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The World Bank (WB) has termed growth of Bangladesh's gross domestic product (GDP) at an estimated rate of 6.3 per cent in fiscal 2011-12 as healthy as it is higher than the developing nations' average of 5.5 per cent.

"But it is lower than the South Asia average of 6.5 per cent," Dr Zahid Hussain, WB senior economist told the reporters Sunday at a media briefing on Bangladesh Economic Update, held at a local hotel.

WB terms 6.3pc GDP growth as healthy
 
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Another distortion. Bangladeshis are telling about the rate of economic growth that has surpassed India's.

How will I know that when I don't know the GDP growth of Bangladesh in the future. :lol:
 
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Anti Bangladesh media assault sharpen in the West


Anti Bangladesh media assault sharpen in the West :: Weekly Blitz

by Mahboob Ar Rahman
August 25, 2012

Bangladeshi major export industry has finally come under massive media assault, with the serialized negative reports and commentaries published in front-ranking influential newspapers in the West, including those in New York Times, which are aimed at slicing down the volume of readymade garment export orders, which would certainly put millions of workers at massive crisis, while country's economy will also enter further challenges. The adverse media campaign against Bangladesh began few months back with editorials and commentaries published in influential newspaper The Economist, which had already put huge adverse impact amongst the international community. Numerous 'wrong-doings' and 'violations of human rights' by the ruling Bangladesh Awami League led leftist-Islamist coalition were well documented in most of the reports in The Economist, where Bangladeshi authorities including its missions abroad have completely failed in even sending appropriate and convincing rejoinders to the newspaper. According to various sources, Bangladeshi missions in London, Washington and New York are filled with politically appointed 'worthless' people, who not only are failing in various duties but also its press wings are totally failing in even maintaining minimal connections with the mainstream international media. "They are busy in enjoying diplomatic privileges and luxuries while many are even actively trying to find any way of settling in the West, instead of doing anything for Bangladesh", sources said.

In the latest report titled 'Export Powerhouse Feels Pangs of Labor Strife' by Jim Yardley published in The New York Times [the second report in two days] has already caused severe damage to Bangladesh's image and a large number of US buyers are reportedly considering cancellation of orders while the existing buyers may not renew their orders. It is learnt from dependable sources that Jim Yardley visited Bangladesh privately and visited various readymade garment factories in the country. Bangladesh mission in Washington, which issued visa for journalist Jim Yardley even, did not notify the Ministry of Foreign Affairs about his visit to the country. It is even rumored that some countries, which are desperately trying to snatch export orders from Bangladesh are actively trying to patronize writers and reporters in publishing negative propaganda against readymade garment industries in Bangladesh.

Bangladeshi textile industry came under massive media assault in the West, west country's intelligence agency reportedly abducted and murdered a trade-unionist named Aminul Islam and the matter was never investigated by the Home Ministry or the government despite numerous international pleas including the statement from the US Secretary of State, Hillary Rodham Clinton. For the Obama administration, which has cultivated Bangladesh as a regional ally in southern Asia, labor unrest has become a matter of growing concern.

US ambassador in Bangladesh, Dan Mozena, who is known as a great friend of the country, has already warned of decline in export orders from Bangladesh, if the cases of repression of workers in the readymade garment industries as well as investigating the abduction and murder of Aminul Islam were not taken seriously by the government. "These developments could coalesce into a perfect storm that could threaten the Bangladesh brand in America," he said.

In late July 2012, representatives from 12 major brands and retailers, alarmed by the rising labor unrest, prodded the Bangladeshi government to address wage demands, a suggestion rejected by the labor minister Khandker Mosharraf Hossain. It may be mentioned here that Hossain's son married the only daughter of Bangladeshi Prime Minister and is considered to be one of the 'most powerful' figures in the country. There had not been any reaction from the Prime Minister or the government, when labor minister Khandker Mosharraf Hossain has been failing in resolving issues related to manpower export as well as recent case of unrest in the readymade garment industry. Critics even pointed fingers at the labor minister saying his activities were against the interest of Bangladesh.

Bangladesh, once poor and irrelevant to the global economy, is now an export powerhouse, second only to China in global apparel exports, as factories churn out clothing for brands like Tommy Hilfiger, Gap, Calvin Klein and H&M. Global retailers like Target and Walmart now operate sourcing offices in Dhaka, the capital. Garments are critical to Bangladesh's economy, accounting for 80 percent of manufacturing exports and more than three million jobs.

While Western newspapers are publishing reports on 'low wages' in Bangladeshi readymade garment factories, global brands are forever chasing the cheapest labor costs from country to country which has put Bangladesh into hot spot, especially as wages have risen in China. The New York Times in its report quoted McKinsey, the consulting giant, who has called Bangladesh the "next China" and predicted that Bangladeshi garment exports, now about $18 billion a year, could triple by 2020.
 
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Actually i see this pole-vaulting phrase used regularly here wrt to BD...whats this actually all about???
 
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Actually i see this pole-vaulting phrase used regularly here wrt to BD...whats this actually all about???
Pole-Vault--18910.jpg
 
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