Running head: RISE OF BANGLADESHS TEXTILE TRADEThe Rise of Bangladeshs Textile TradeNameInstitute1The Rise of Bangladeshs Textile Trade2The Rise of Bangladeshs Textile TradeQuestion 1 Why the Shift to free trade good for BangladeshThe shift to free trade was good for Bangladesh because it opened more markets forBangladesh products. The reason why Bangladesh remained top despite high competition wasthat of the low price of its textile goods. Bangladeshs rate had always been small as compared toits competitors. Its market widened further following the plunging into economic crisis by therest of the world causing most people to buy the low-cost products from Bangladesh. ThereforeBangladeshs export and economy continued to grow after the opening of free trade because ofits low price.Question 2. Who benefits and who loses when retailers in the United States sourceLow cost good?When retailers buy low-cost goods from countries such as Bangladesh, the retailersbenefit because they buy at a low cost. Therefore, they can sell at a lower price and hence get ahigher customer base. As a result, they make a higher return. The consumers also benefit bec ...
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