RECESSION CAN SPELL PROSPERITY IN A GLOBALISED WORLD
December 1st, 2008
By Paul Cochrane
The old dictum goes - 'one man's loss is another man's gain'. Curiously, in a globalised world in the midst of a financial downturn, this saying is particularly true, with certain countries unexpectedly benefiting from an otherwise near universal crisis.
Bangladesh is one of the unexpected gainers, especially as 75.83% of its national exports come from knitwear (39.21%) and woven goods (36.62%), primarily to the European Union (EU) and US markets. The expectation might be that exports of Bangladeshi ready made garments would slide in accordance ...
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