What Is The Second Largest External Supplier Of Textiles And Clothing?

The book Travels of a T-Shirt in the Global Economy by Pietra Rivoli is about the journey of a plain cotton shirt internationally through the economy. This book consists of a plain, cheap t-shirt bought at Wal-Mart, is split into four important parts. The first part is about the source of the t-shirt: cotton. The second part is about the creation process the t-shirt goes through while being created in China. The third part is consists of explaining what happens after the t-shirt goes to the United States and faces the American protectionist policies. Lastly, the fourth essential part of this t-shirt is what happens to the shirt when it is finished in America (or other developed nations).

• The enormous surplus of labor in China imperils workers worldwide as international competition puts incessant downward pressure on wages and working conditions, leading the apparel and textile industries to favor the cheapest and most Draconian producers.

Trade between two countries can make each country better off (Mankiw, 2011, p. 10). Third-world countries with sweatshops have a comparative advantage in producing clothing at a lower opportunity cost (Mankiw,

The relevance of this book can be measured by its ability to speak to the everyday individual, who may or may not know anything about economics, and plant the seed toward global economic education. It provides a keen social awareness to people who may or may not ordinarily care about international economics and can have an eye-opening effect toward what really happens in the textile industry.

Esquel, one of the leading cotton-shirt-manufacturers in the world came from China and it supplies lots of clothing brand such as Banana Republic, Tommy Hilfiger, Hugo Boss, Brooks Brothers, Abercrombie and Fitch, Nike, Nordstrom and Lands’ End, in addition to private companies (Plunkett Research, Ltd.). However, due to the high demand of the US apparel stores for Chinese products, the low cost, which was the main reason why raw materials are being purchased from China, have increased. China’s competition is huge, with Vietnam, the Philippines, Malaysia and Sri Lanka also producing material at cheap prices (Plunkett Research, Ltd.). The US apparel stores can instead purchase from these other Asian countries. It is hard to determine the exact number of suppliers in this industry; but, in general, majority of them are in Asian countries that can provide low-cost raw materials to US-based apparel stores. Therefore, the US apparel stores may acquire higher net profi

Cuts in protection have increased imports but the increased efficiency has led to a comparable rise in exports. The value of exports plus imports of goods and services has risen from 32% of GDP in 1975 to 48% of GDP in 2000 (ABS), reflecting

Although the Chinese apparel manufacturers would lose profitability due to rising cotton prices and competition from emerging countries, they stand to gain the most from the removal of U.S. quotas and tariffs. According to the author, in 2007, 95% of the 20 billion garments Americans made were purchased overseas. Due to U.S. trade barriers, China’s share of the U.S. apparel import was only 30%. Once these barriers were removed, Chinese apparel would flood the American market due to their low cost and dominance in garment manufacturing. Experts predict that China could eventually supply 85% of U.S. apparel. As they increase their market share in the

Central Idea: The three largest Chinese exports to the United States include electronics garments, and machinery.

And the more important thing is that the towel exports topped the list of textile manufactures by registering 23.5 percent growth in value During FY10, despite the imposition of countervailing duties by the US Commerce Department. A 6.2 percent decline in per-unit prices was more than offset by a marked improvement in the Export volume (US$ 62.0 million), resulting in a net gain of US$ 46.1 million in export earnings.

This paper will examine the role of the United States in textile and apparel production in the age of globalization and will provide an overview of trade agreements enacted in the textile and apparel industry. A discussion of the different trade agreements and how the U.S. textile and apparel industry has been affected by those agreements will be given along with ideas about what the United States can do to continue to operate in the domestic market of textiles and apparel.

2. Richard M. Johns (2006). The Apparel Industry. 2nd ed. UK, London: Blackwell Publishing Ltd.. 1-124.

SUPPLIER POWER – MEDIUM: Many producers of textiles, raw materials for apparel, large apparel companies would catch their attention. However some apparel in this industry is

According to the data, the total volume of textiles exported from China has started a continuous rapid growth since 2001 (the year of China’s accession to the WTO) as shown in the first graph above, which roughly

There are a large amount of social and environmental problems within the global apparel industry.

Faruqui, M. (2014, July). Nobody can beat Bangladesh in price and quality. Retrieved from http://www.textiletoday.com.bd/magazine/873