A study on RMG sector: why Bangladesh is lagging behind the competition

Abstract

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.