-
The Rise of Bangladesh’s Garment Industry from Poverty to Prosperity Through Knowledge Spillovers
The fantastic journey of Bangladesh’s garment industry In 1980, Bangladeshi businessman Noor Qadir founded a clothing company to produce shirts. Prior to this, Bangladesh did not have a single large garment company. In 1979, the total number of workers in Bangladesh’s garment industry was less than 40. Qadir once worked in a government department and had extensive social connections. In order to start a clothing company, he found a foreign partner-South Korea’s Daewoo Company. Daewoo Company was one of the largest clothing companies in the world at that time. The person in charge of Daewoo Company and Kadir hit it off immediately because South Korea’s clothing exports are restricted by…