Will Myanmar become the new Bangladesh?

Tuesday marked five years since thousands of workers were killed by the collapse of the Rana Plaza textile factory in Bangladesh. Due to the extremely low wages and tax advantages Bangladesh is the center for fast and cheap production of fast fashion. However, more and more Western fashion companies nowadays are moving further south-east, to Myanmar, to produce clothing. Although the country’s young democracy is shaky, it has become attractive because of even lower wages and favorable trade regulations.