Tuesday, January 24, 2006

Why Goldman Sachs May Be Right About Bangladesh

Not only are Bangladesh's investor protection standards far superior to China's, they're also better than what's available, on average, in rich countries, according to the World Bank Web site http://www.doingbusiness.org . Bangladesh is also competitive on labor costs. Garment workers in Dhaka earn 39 U.S. cents an hour, while the hourly wage for sewing and stitching in coastal China is 88 cents. Bangladesh is paying a price for not being open to trade. It takes 38 official signatures and 57 days to import anything into the country, compared with 24 days for China, 39 days for Pakistan and 43 days for India.......More


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