The Rise of Bangladesh’s Textile Trade. 1. Why was the shift to a free trade regime...

The Rise of Bangladesh’s Textile Trade.

1. Why was the shift to a free trade regime in the textile industry good for Bangladesh?

2.What international trade theory, or theories, best explain the rise of Bangladesh as a textile exporting powerhouse? Provide arguments for your choice-6 pages

Solutions

Expert Solution

In Bangladesh used to do the trade by quata system , they start to observe the developed nations trading policies later they recognize free trade is more worth than quata . They receive free trade system. After that free trade system boost the bangladesh textile industry due to the resorce strength regarding textile industry. They can produce with the low labour cost.They can earn comparitive advantage in textle sector relate to other textile exporting countries. So they can earn significant growth among the competitive country.

One of the classical theory of international trade. Ricardos comparitive advantage theory and porters determinands of comparitive advantage theory are explained the bangladesh textile growth. They found their strength in the labour source they fix the trade related to comparitively greater and efficient resource. They use the labour productively. After the acceptance of free trade they start to export labours and textile product all over the world less than the competitive countries like china.

Rahul Sunny answered 2 months ago

Next > < Previous

Related Solutions

1.Why does the supply curve shift outwards in the exchange floating exchange rate regime and the...

1.Why does the supply curve shift outwards in the exchange floating exchange rate regime and the fixed exchange rate regime 2. Why does the demand curve shift outwards in the exchange floating exchange rate regime and the fixed exchange rate regime

what are the potential cost of adopting a free trade regime?do you think governments should do...

what are the potential cost of adopting a free trade regime?do you think governments should do anything to reduce these cost? what?

1-a) Is free trade fair? Why or why not? 1-b) What’s the difference between Heckscher and...

1-a) Is free trade fair? Why or why not? 1-b) What’s the difference between Heckscher and Ohlin & new trade theory ? Which one has more implications to current international trade patterns?

Upon the basis of Krugman’s discussion in his “Is Free Trade Passe?” why should free trade...

Upon the basis of Krugman’s discussion in his “Is Free Trade Passe?” why should free trade should be “the rule of thumb” even in strategic trade policy cases - large country cases and foreign monopoly cases?

How did the trade regime that followed WW2 differ from the regime that operated throughout the...

How did the trade regime that followed WW2 differ from the regime that operated throughout the interwar period? Discuss ideas, interests, and institutions that drove this change.

1) If free trade is best then why is there so much pressure for protectionist measures?...

1) If free trade is best then why is there so much pressure for protectionist measures? 2) Explain who wins and who loses if a tariff is implemented on a good. 3) Explain briefly the rationale behind the infant industry argument for a tariff. What are some of the problems with it? 4) What are quota rents? What is their equivalent with tariff? 5) Which are more restrictive, quotas or tariffs? When?

How do ordinary people experience the benefits and drawbacks of free trade? Why have anti-free trade...

How do ordinary people experience the benefits and drawbacks of free trade? Why have anti-free trade arguments become so seemingly popular in the United States?

Define free trade. 9. Why do many economists believe that unrestricted free trade between nations will...

Define free trade. 9. Why do many economists believe that unrestricted free trade between nations will raise the economic welfare? 10. Explain Q.9 above in terms of absolute and comparative advantage,

Why are some developing nations skeptical of free trade?

Why is there so much pushback against free trade policies? Why is it that there is...

Why is there so much pushback against free trade policies? Why is it that there is so much opposition to trade despite the general agreement of economists that it is beneficial? Discuss the impact of special interests and voter irrationality in determining these outcomes. Do you believe that the Democratic process if efficient in reaching optimal trade policies? Explain why or why not.

Subjects