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  • Essay / The return of Bangladeshi retailers and their influence on the economy and society

    Should retailers cut their losses and flee Bangladesh? The question of whether it is morally right and permissible for a company to reduce its losses and generate new ones in the aftermath of a disaster weighs on a company's responsibility as a moral agent. Growing confusion among retailers over whether or not to leave the region is fueling debate over the retailer's obligation to stay and its ethical responsibility to Bangladeshi workers. The factory collapse on April 24, 2013, which resulted in the deaths of more than 1,100 workers, led to increased scrutiny of working conditions. The paper examines the circumstances affecting the largest garment exporter and home to up to 3.6 million garment workers. This essay will outline the ethical responsibility and dictate the moral obligation of retailers regarding the working conditions of garment workers in Bangladesh. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Despite being the second-largest garment exporter, Bangladesh is still home to the lowest wages in the world. Recent tragedies that have left retailers and businesses guessing about their next course of action have opened a debate about their moral obligations. The announcement of Disney's phasing out has also contributed to instability in Bangladesh's clothing industry, with other retailers considering a similar move. The impact of this decision will have a profound impact on the fate of the region's 3.6 million workers. Regardless of which labor groups are urging retailers to stay, the underlying determining factor is the moral duty demanded of retailers that matters. The successful growth of the garment industry in Bangladesh, due to the increasing number of low-wage workers and less restrictive labor laws, saw the establishment of low-cost garment manufacturing (Stewart 4 ). According to Zimmerman and Shah's 2013 analysis, it was low-cost garment factories that paved the way for a series of fatal accidents (B1). The lack of adequate and efficient structures has forced factories to have independent factory inspectors. Nevertheless, unethical issues are crucial and undoubtedly require the cooperation of many participants before substantial improvements can be achieved. Salma Zaidi of the World Bank's Dhaka office said "Bangladesh is a desperately poor country and still needs these factories." Additionally, “we need better security, better treatment…these are still better jobs than most.” possibilities” (Fairclough 11). It is therefore essential that retailers stay in Bangladesh and improve working conditions. In light of the relevant ethical issues facing the country and its clothing industry, Karel De Gucht's findings from 2013 show that "...these people are...we cannot say underpaid, they are practically unpaid …they must work in totally unacceptable health and safety operations (Zain 8). The causal problem is attributed to the fact that retailers in Bangladesh are demanding higher operating standards for factories without being willing to pay more. The secretary general of the Cambodian clothing manufacturer estimates that if retailers paid 10-15% more, it would have a huge impact. The fact that a number of manufacturers regularly place orders for more..