Study On The Determinants Of Competitive Advantage Of Bangladesh Ready-Made Garments Industry

Globalization,which is spurred by enhanced telecommunication systems,developed infrastructure,and transportation,has made the movement of goods and services across borders swift and thereby emerging different markets into a single complex market.Countries with relaxed trade regimes and liberalized policies usually are better off meriting from global trade.With an open and mild protectionism economy,the Bangladeshi apparel industry nonetheless,appears to flicker for success in the global market.Some proponents of internationalization theories argue the need for enterprises to gain competitive advantage in their local markets before venturing abroad,to this knot is the research objective tied.Hence,the paper is designed to explore and highlights that will complement existing national trade policies to enhance the internal competitiveness of the Ready-Made Garments Industry.With very little researches conducted to improving the well-being of the industry,it becomes clear the vitality of this paper to resolve structures and programs that can be reformed to intensify the Bangladesh RMG industry's competitiveness internally.We found some points like cheap labor,preferential access,low investment,low energy cost,supply chain,government support etc,that help us to get competitive advantage in Bangladesh Ready-Made Garments industry.It is undeniable that Bangladesh has an abundance of some of the traditional factors of production that are required to develop the industry.The findings of the research are that Bangladesh Ready-Made Garments industry has good opportunities in the international market and all related parties should work together to gain the competitive benefits of the diversified market.