It is but true, that first world countries have worked hard to achieve the present status and their currency is valued more than the third world nations. However, if we could have kept the price of the commodity within their reach, perhaps low grade items wouldn’t have flooded the market in Asia. Each item from building construction to cosmetics, have several categories as per price tag.
You need to state a price, and the production team delivers the goods..but the problem is the product is not really good, leading to replacements. Then how is it cheap, if we need to replace it frequently, it actually adds up to the cost.But, the one who pass it off, has not much to think as its only for a certain time, the middle man holds on to the item, the one who suffers is the buyer/user of the end product.
Couldn’t an item that is for lets say 1000 $ in USA, be for 1000 Taka at Bangladesh, rather than 800000 Taka..for the person in Bangladesh doesn’t earn as much as his counter part in USA..the argument could be why does a low income group want a high priced item, well sometimes it is needed..then the question of items getting smuggled back to USA would be placed, why don’t we enlist those items as banned items for purchasing and exporting from Bangladesh ..I mean there can be many things that economics can think about..basically a poor nation will only get poorer if, they have to waste their money in low grade items..with replacements that has no end..imagine if we replace something ten times, it will add up to the real price..saving is earning ..and we can only save if we use good quality reliable items for machinery, construction and food.