In all its reports about the Bangladesh factory collapse, the western media seems to have overlooked an important question- Was Rana Plaza an example of capitalism gone wrong? David Rowlands from Australia's Green Left Weekly says that the disaster, that rocked the developed world, stems from a deep deficiencies in what he defines as the "neoliberal capitalist model." [caption id="attachment_1127" align="aligncenter" width="300"] Credit- Green Left Weekly[/caption] Bangladesh: What has...

President and CEO of Fair Trade USA, Paul Rice, argues that increasing threats to worker safety are because businesses are forgetting their social responsibility. "Putting people back into business," might be as (if not more) necessary as reforming legislation and mobilizing consumer support. Rice identifies three key points that business leaders should bear in mind in order to ensure sustainable business practices. [caption id="attachment_1140" align="aligncenter" width="480"]...

The Rana plaza collapse in Bangladesh has raised a critical call for improvement of working conditions in developing countries. Inspired by this incident, Boston Global Forum directors decided to choose its mission of the year 2013 as “Minimal standards for Worker safety”. The issue has gathered several concerns from political leaders and renowned professors at Harvard and MIT. Mr Vu Dang Vinh, CEO of Vietnam Report also has shown his concern and expressed support for the...

A report, published by the Center for American Progress earlier this month, revealed that the meager wages garment workers make, in return for long laborious working days in dangerous conditions, have further decreased over the past decade. The study, prepared by the Worker Rights Consortium, examines 15 of the world’s leading apparel-exporting countries and found that between 2001 and 2011, wages for garment workers in the majority of these countries fell making it nearly impossible for...

[caption id="attachment_1106" align="aligncenter" width="480"] Credit- New York Times/ Taslima Akhtar[/caption] While developed countries debate regulations and trade impositions after the Rana Plaza collapse, Bangladesh needs to independently bolster reforms surrounding the garment industry. At present, the garment industry enjoys special privileges like subsidies and tax breaks and, they pay less tax as compared to other industries. Their factories, too, are not all build on legally...