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China’s technological advancement can deter Bangladesh’s competitive advantage

China remains the undisputed global giant in the textile and apparel industry. Its share of global apparel export is about 37 percent while the share of Bangladesh, the second largest readymade garment exporter in the world, is only about 6 percent. So, it is completely understandable that the actions of China will obviously influence the competitiveness of the other manufacturing hubs like ours.

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The high cost of cheap clothes

On the morning of April 24, 2013, a poorly constructed eight-storey garment factory known as Rana Plaza collapsed in Dhaka, Bangladesh, killing more than 1,130 people in a crush of brittle concrete and rebar. It was the worst industrial disaster in the country’s history, but the toll didn’t end when the building fell. Many later died from injuries sustained in the collapse or were permanently physically disabled. Others developed PTSD or other mental health conditions from witnessing the event.

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Bangladesh should focus on skills development for growth in labour market

For attaining sustainable and high growth rate of an economy and improving the living standard of its people, the role of skill development cannot be over- emphasised. Skill development not only enhances and expands an individual's capacity of earning, the formation has the potential of transforming the nation's workforce into a more productive one and thereby contributing immensely towards the growth momentum of an economy.

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Bangladesh in low growth category in 2025 Global Growth Projections

The Growth Lab at Harvard Univerity's Center for International Development very recently published the new 2025 Global Growth Projections, where Bangladesh was placed in the low growth category. The research organization works with the aim to understand the dynamics of growth and to translate those insights into more effective policymaking in developing countries.

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WB Bangladesh jobs diagnostic report provides framework for comprehensive national jobs strategy

The World Bank published the Bangladesh jobs diagnostic report last month which "presents the characteristics and constraints of the labor market in Bangladesh, identifies the objectives of the jobs agenda, and proposes a policy framework to progress toward them." The report studies the various factors that affect the relationships between supply- and demand-side and influence creation, quality, and inclusion outcomes."

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Bangladesh needs to play wise to capture China’s declining market

Although China’s relative share in global Readymade Garment (RMG) exports is dropping, Bangladesh must cross a number of hurdles before it can bring those orders here. As China’s relative share of global Readymade Garment (RMG) exports start to drop thanks to rising standards of living there, a number of nations are queuing up to grab the opportunity.

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