Link: http://www.businessweek.com/articles/2013-05-02/for-retailers-getting-out-of-bangladesh-isnt-so-easy#r=hp-ls
Bangladesh has carved itself out as a smaller China; a cheap place to send your business's labor. However, this comes with its own set of issues such as incredibly lax regulation. There have been incidents including but not limited to a factory collapse that occurred on April 30th of this year. Some companies like Disney have stated that they want to pull out of Bangladesh, but finding an equally cheap source of labor has proven to be difficult. Other areas with cheap labor like Bangladesh have similarly lax regulations. On Bangladeshi side, textile exports make up around 10% of their GNP, so a full pullout would result in heavy losses which leads to this problem being much more complex than just pulling out.
I don't believe that they should pull out all together. As stated if they do pullout will result in some serious economic problems for Bangladesh. I believe that there is some other way to remedy this situation. Perhaps tightening some of the regulations could help.
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