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Rana Plaza

Rana Plaza. Rana Plaza. 1. How is the Rana Plaza situation tied to market globalism? Neoliberal economic model Steadily improving GDP, GDP/pc 80% of total exports = 18% of GDP Remittances = 13% of GDP Competitive advantage ‘Race to the bottom’ Losing MNCs Corruption Consumerism

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Rana Plaza

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  1. Rana Plaza

  2. Rana Plaza 1. How is the Rana Plaza situation tied to market globalism? • Neoliberal economic model • Steadily improving GDP, GDP/pc • 80% of total exports = 18% of GDP • Remittances = 13% of GDP • Competitive advantage • ‘Race to the bottom’ • Losing MNCs • Corruption • Consumerism • ‘Fast fashion’ ¤

  3. Rana Plaza (con’t) • Lack of global governance • Labor laws • Building, health codes • Unions • Threat of trade restrictions • Poor state – diff. to regulate, enforce • Protocol- voluntary • Key MNCs opted for non-binding contract route ¤

  4. Rana Plaza 2. What are the most prominent transnational issues discussed in the article that a justice globalism advocate would address? • Economic exploitation • Economic inequities • Lack of gl. gov. • Lack of gl. civil society • Human rights violations • Lack of GN responsibility to GS ¤

  5. Rana Plaza 3. Considering the Rana Plaza situation, what are the pros and cons of globalization? Cons • Exploitation of poor country • Lack gl. standards • Poor governing capability • Infrastructure/laws/funding to protect citizens • Hazardous work conditions • Feeds/thrives on/needs consumerism perpetuates NEM • Worker, gov’t fear of losing factory income • Competition drives down prices ¤

  6. Rana Plaza Pros • Offers income in agrarian society • Worse alternatives to making money • Export earnings • Need cash for imports • Rising GDP, purchasing power • Development potential • Cheaper/ more consumer goods ¤

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