Economic Impact of Bangladesh garments sector

Bc. Md Mohiuddin

Diplomová práce

Abstract:

The global textile industry evolved with digital transformation, integrated regional economies and high robustness in supply-demand dynamics and controlled trade activities. According to the World Trade Organization (WTO) report, the textile industry was significantly affected by changing consumer behaviours, regulatory compliances and that impacted production and sourcing strategies that shifted the business environment. The Ready-made garment sector remained as the biggest contributor to the economic and sociocultural prosperity of Bangladesh as it managed to reach 80% of the country's export. the RMG sector also become an integral part of the modern-day Bangladesh economy as it employed more than 4.4 million garment workers which represent 40% of the country’s industrial labour. However, fluctuating macro-environmental factors and macroeconomic trends combined with changing global competitive landscape, increasing pressure from competitors, and poorly maintained economic infrastructure and worker empowerment programs continue to affect sustainability and continual improvement of the industry. However, globalization of the supply chain continues to facilitate MNCs to thrive and grow in regional markets through systematic outsourcing initiatives while securing lower operations costs, large-scale and sustainable production and seamless acquisitions of human resources and raw materials. This systematic empirical framework described the importance and implications of the RMG sector on Bangladesh’s economic development and labour markets while discussing economic, social, and environmental aspects of the industry.

Keywords

Garments, Bangladesh, Textile & clothing’s, Developed countries, Developing countries, Export, Import

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 31. 3. 2022

Obhajoba závěrečné práce

• Vedoucí: Ing. Pavel Kotyza, Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program / obor:
Economics and Management / Economics and Management