Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-01-17-Speech-3-104"
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"en.20010117.4.3-104"2
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".
The Committee on Development and Cooperation welcomes the fact that the rate of growth of Bangladesh’s export industry is thrice that of the country’s domestic production. These exports, however, are almost exclusively the work of the major companies, mostly Western, which have set up factories in this country.
While there is no doubt that these firms are getting rich by exploiting the underpaid workers of this country, including children, this is not about to enable Bangladesh to emerge from its underdeveloped state or to enable its working population to escape poverty.
The report calls for an increase in “the efficiency and competitiveness of the private sector” on world markets. This is a clear indication of who it hopes to benefit from the elimination of the “infrastructure bottlenecks”, especially “transport and energy infrastructure”, as well as making “the financial system efficient”, or ensuring “a transparent and accountable institutional environment”, a euphemism for taking action to penalise anyone who, in the widespread corruption, upsets the Western investors.
In these circumstances, the proposal to release European funds is chiefly targeted at supplementing the shortfalls of the Bangladeshi State and at having the European institutions bear the costs of the development of infrastructure that the large corporations need in order to enable them to derive most profit from one of the poorest peoples in the world."@en1
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