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2021 | OriginalPaper | Buchkapitel

3. Manufacturing Industry of Bangladesh

verfasst von : Rashed Al Mahmud Titumir

Erschienen in: Numbers and Narratives in Bangladesh's Economic Development

Verlag: Springer Singapore

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Abstract

The chapter reveals that the number of productive sectors is not increasing, resulting in to a heavy dependence on a single sector—ready-made garment (RMG), making the economy susceptible to shocks due to non-diversification. In addition, the wage in RMG sector is low and the workers cannot exercise their rights, enshrined in global charters. The fundamental reasons for failing to enlarge job-creating productive capacities and transformation to formal sectors from excessive dependence on informal ones include the uncertain political environment, fragility of institutions, lack of business confidence and massive capital flight. The productive expansion and the diversification of the economy, therefore, remain constricted, resulting in little creation of job opportunities and decent living for median populace.

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Vorheriges Kapitel Agriculture in Bangladesh

Nächstes Kapitel Financial Sector of Bangladesh

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Titel: Manufacturing Industry of Bangladesh
verfasst von: Rashed Al Mahmud Titumir
Verlag: Springer Singapore
Buch: Numbers and Narratives in Bangladesh's Economic Development
Print ISBN: 978-981-16-0657-1

Electronic ISBN: 978-981-16-0658-8

Copyright-Jahr: 2021
DOI: https://doi.org/10.1007/978-981-16-0658-8_3

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