The South Asian nation of Bangladesh has risen rapidly within the global garment industry to become the world’s second largest exporter of clothing. European and American companies have been attracted by some of the lowest wages in Asia. But two recent deadly accidents in Bangladeshi factories — including a building collapse that killed more than 300 people — have raised questions about the true cost of cheap clothes. Kojo explores the global clothing economy.
Pietra Rivoli – Deputy Dean and Professor of Finance and International Business, McDonough School of Business, Georgetown University; and Author, “The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade” (Wiley)