New PDF release: Clothing-industry Adjustment in Developed Countries
By Jose R. De LA Torre
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Additional resources for Clothing-industry Adjustment in Developed Countries
70 Developing to industrial Developing to developing Developing to ETA World of countries. For example, trade flows in fibres have generally lagged behind those of textiles and clothing, particularly prior to 1970. In textiles, developed-country exports as a whole grew at a rapid pace, although mainly directed to each other. Since 1970, however, after fifteen years of stagnation, textile exports from developed to developing countries accelerated dramatically. In the clothing sector, developed-country exports to each other maintained a fairly rapid rate of growth for the twenty five year period (1955-79 inclusively) and still accounted for nearly 45 per cent of total exports in 1979.
2 billion for South Korea, the second largest (see Table 2. 7). On the other hand, the deficit in clothing of the United States and West Germany alone amounted to $11. 2 billion in 1980. 2 4. 2 SouRcE: Martin Wolf, Hans Hinrich Glismann,Joseph Pelzman and Dean Spinanger, Costs of Protectingjobs in Textiles and Clothing, Thames Essay No. 10. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Rank Textiles and clothing TABLE 2.
There are a number of aspects of this phenomenon that deserve special attention. The rate of growth of trade in textile products has outpaced the growth in world production. 4 shows that, since 1963, the volume of world trade in textiles and clothing has increased by nearly 300 per cent while worldwide production has risen by only 79 per cent. An interesting comparison is offered by the ratio of the two indices. 4) of all manufactures is now one and a half times what it was in 1963, the result of the rapid 32 internationalisation of economic activity which characterised this period.
Clothing-industry Adjustment in Developed Countries by Jose R. De LA Torre