Answered You can hire a professional tutor to get the answer.
Compose a 2000 words assignment on why are chinese factories turning to bangladesh. Needs to be plagiarism free!
Compose a 2000 words assignment on why are chinese factories turning to bangladesh. Needs to be plagiarism free! f the key reasons behind the continued and sustained growth of the Chinese economy has been industrial growth (World Bank Office, Beijing, “China Quarterly Update”).
However, in recent years the Chinese economy has witnessed a noticeable slowdown. The volatile world economic environment as well as rigid domestic polices have the combined factors that have contributed towards this scenario (World Bank Office, Beijing, “China Quarterly Update”). Thus, in order to mitigate this problem the Chinese factories or manufacturers have started to look beyond their own shores to import products. Consequently, Bangladesh has become a favourable option for them because it provides efficient workers and comparatively lower wage rates. This strategy by Chinese manufacturers has been mainly prompted by the prevailing condition in their own market to manufacture products (Cawinfo, “Chinese Factories Turn to Bangladesh as Labour Costs Rise’).
The report intends to discuss the key reasons behind the Chinese factories turning to Bangladesh as a destination for especially importing products. The major driving forces of globalisation have also been considered in the report to comprehend the scenario.
The drivers of globalisation have been an imperative factor behind the Chinese manufacturers desiring to outsource their business in a foreign destination such as Bangladesh which majorly includes, open markets, International Trade Relation Policies, progress in transport and information technology, privatisation and liberalisation (A Global Ethic Now, “Driving Forces Behind Globalisation”). These key drivers that have encouraged the Chinese factories to turn to Bangladesh as a possible location for outsourcing are opening up of different national markets to all sorts of companies and removal of trade restrictions. However, in recent times, the one of the biggest problems which has been faced by Chinese manufacturers is the labour crisis.
