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How Bangladesh Garment Industry Defied the Productivity Trap
Bangladesh's ready-made garment sector employs over 4 million workers and accounts for more than 80 percent of the country's exports. For decades, economists dismissed low-cost manufacturing as a productivity dead end. But Bangladesh's $47 billion apparel industry has quietly achieved compound annual growth of 6.5 percent in labor productivity since 2010, outpacing Vietnam and Cambodia. How did a sector built on cheap labor escape the low-wage trap? This episode traces the specific investments in factory automation, worker training programs, and the shift from basic t-shirts to…
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