Globalization, Trade, State Development, Bangladesh, Textile Industry, Trade Liberalization
Globalization has resulted in permeable borders and economic integration between states. Global integration has led to unevenness in development where the Global North has exploited the Global South for resources, labour and capital gain. Within this paper, the dynamics between the Global North and the Global South as a result of globalization will be analyzed and discussed using the state of Bangladesh as a case study. As a result of globalization, uneven economic growth has negatively affected the textile industry in Bangladesh while fuelling the growth of the global economy. An argument will be made against the current state of globalization and the imbalances it has created between states. The textile industry in Bangladesh comprises a majority of the country’s gross domestic product and national exports. Trade liberalization has changed the landscape in Bangladesh and allowed for greater economic growth as well. This economic growth has come at a cost, as income instability is a prominent issue amongst Bangladeshi textile workers. A review of prominent literature will provide varying arguments on the state of Bangladesh, the textile industry and the effects of the globalized economy. Methodologically, this study will depict the reasoning behind the focus on Bangladesh as a case study. Although globalization has produced imbalanced outcomes, there is an opportunity for political, economic and international change.
Dr. Jesse Ovadia
Dr. Jamey Essex
Master of Arts
Major Research Paper