Ethical Reform in Bangladesh’s Ready Made Garment Industry: Building on the Alliance and the Accord

The Bangladeshi garment production industry was examined in terms of current building structure and fire safety mechanisms in place, and the opportunity to build upon those standards in order to strategically address growing market demands for ethically produced garments within the ready-made garment (RMG) industry. In determining whether Bangladesh’s RMG industry could pay above the country’s low minimum wage, and still remain competitive, a linear regression model was used to better understand and quantify the price sensitivity of the country’s RMG export products