Bangladesh’s recent export performance in the world market for readymade garment has improved markedly. In this study, Constant Market Share Analysis is used in order to determine the competitiveness of Bangladesh and its competitors, which are the main readymade garment producers, in the USA, UK.CANADA AND ALL others markets between 1989 and 1998 periods. Constant Market Share (CMS) analysis is a popular tool for analyzing changes in exports of a country. Nevertheless, its theoretical foundations (and policy relevance) have been questioned. In this paper, we provide such a foundation by relating CMS analysis of export growth. An indication of the empirical relevance of this relationship is given by comparing the CMS analysis. The analysis reveals this improvement to be predominantly the result of competitive advantages of ready made garment industry . Bangladesh is able to export s readymade garment of high and consistent quality at low costs, under conditions which meet the world standards set by the world. In addition to competitive advantages, Bangladesh has benefited from growth in the overall size of the world export market for readymade garment, but has suffered from having only relatively small shares in the important markets of some member States. Market research on consumers’ demand and preferences could further improve Bangladesh’s recent export performance of readymade garment.
Keywords: Bangladesh, Competitiveness, Constant Market Share Model. Ready made Garment.
| CHAPTER I |
Bangladesh economy experienced a trend rate of growth of 4.8 per cent during 1990s as against 4.4 per cent during the previous decade. The rate of growth of per capita GDP has also been impressive during the 1990s. In addition to the higher growth rate of overall GDP, this was facilitated by a sharp fall in the rate of growth of population. During the 1980s, population grew at an annual compound rate of 2.2... [continues]
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