Market Forces and Exploitation: Causes for Faster Growth and Competitiveness of Bangladesh Ready-made Garments Industry

Chowdhury, Mamun (2014): Market Forces and Exploitation: Causes for Faster Growth and Competitiveness of Bangladesh Ready-made Garments Industry. Published in: Jagannath University Journal of Social Sciences , Vol. 3, No. 1-2 (15 November 2015): pp. 46-59.

Abstract

This paper explains the market mechanism and exploitation as a key source of growth and competitiveness of Bangladesh RMG sector. Market force is the key as it relates in the determination of wage and also in the stability of demand in global apparel market. On the other hand, exploitation is marked as a viable source of profit maximization for the factory owners. Labor abundance, as the paper unveils, is hereby responsible to empower factory owners as it weakens bargaining power of workers over their legal rights. In this backdrop, the paper examines the way of market manipulation by factory owners to accelerate their profit. Nevertheless, the paper interrogates the role of international buyers as they behave likely by overlooking workers welfare. The article is relied on both primary and secondary data. The study is based on qualitative method while statistical techniques like frequency distribution and frequency percentage are used to analyze data.

• Item Type: MPRA Paper
• Language: English
• Keywords: Market Force, Exploitation, RMG Sector, Working environment, Wage, Bangladesh
• Subjects: E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E21 - Consumption ; Saving ; Wealth; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor Productivity; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor

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