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

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 9 months ago

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