HECOL441 Lecture Notes - Lecture 14: Fast Fashion, One Belt One Road Initiative, Free Trade
2 Sep 2016
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Document Summary
The ability, under present conditions, of a country"s producers to command world markets. Command in the sense that chinese exports have grown at a much faster pace than global average growth. Until the nineteenth century, china was the world"s largest and most advanced economy, a large and advanced textile producer. China"s competitiveness lags as the industrial revolution takes hold and england gained dominance. Presently, china has again become the largest producer and supplier of bres, warns, fabrics and apparel in both volume & value terms. In the 1960s and 1970s, three asian tiger economies became low cost exporters of apparel. In the early 1980s, these countries supplied almost 30$ of the world apparel exports. The 1980s, however, saw other countries such as china, india, thailand, indonesia and the philippines emerge as low cost exporters, but eventually quotas impacted their growth. By end of 2000, the t&a sector in china is shaped by e ects of globalization:
