Article
Challenges to logistics development: the case of a Third World country – Bangladesh
The past two decades have witnessed a number of important developments in the world business affecting business firms in both developed and less developed countries (LDCs). A relentless search for the “best” possible mix of inputs such as cheap labour, raw materials, and energy, among others, by many advanced country corporations, has resulted in the decoupling of comparative advantages from the different regions of the world where they are found. To enhance value-adding capabilities, many MNCs have shifted their manufacturing to various Third World locations so that the “best” inputs can be combined in a single cohesive value-adding conversion system.