Why is Bangladesh internationally competitive in textile and clothing manufacture?

Question

Quizplus · Accepted Answer

Bangladesh is internationally competitive in textile and clothing manufacture because its wages are low compared to other countries. This makes it attractive for companies to outsource their manufacturing to Bangladesh. The country also benefits from a large labor force and a government that is supportive of the textile and clothing industry. The other options are not correct as Bangladesh does not have abundant natural resources or a particularly cheap source of energy, and while location is important, it is not the primary reason for its competitiveness in this industry.

Why Is Bangladesh Internationally Competitive in Textile and Clothing Manufacture