A study on RMG sector: why Bangladesh is lagging behind the competition
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Date
2020-09Publisher
Brac UniversityAuthor
Anam, Mohammad TanvirMetadata
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Bangladesh is one of the fastest growing economy in the world. Now Bangladesh is in the second
position in exporting RMG products after China across the world. The RMG sector contributes
83% total export earning of the country. This sector also contributes almost 16% GDP for
Bangladesh. Four million people are currently working in this sector. Among of them 90% are
women. RMG sector has brought a lot of changes in the society. It reduces poverty and enhance
women empowerment in our country. Although a lot more contribution has achieved from the
sector, it is facing a number of challenges nowadays. Bangladesh is lagging behind the competition
gradually. This study helps to find out the reasons behind the falling from the competition and give
some solutions to overcome the challenges.