Subject category:
Economics, Politics and Business Environment
Published by:
Harvard Business Publishing
Version: 15 October 1990
Length: 16 pages
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Abstract
What happens to an industry with millions of employees that loses its comparative advantage? This note examines this question by looking at the global textile and apparel industry. With the Multi-Fiber Arrangement coming up for renewal in December 1981, the United States, Europe, and the developing world must decide how to divide the international textile market in the 1980s. The debate focuses on who wins and who loses from protectionism, and the advantages and disadvantages of free trade.
Subject category:
Economics, Politics and Business Environment
Published by:
Harvard Business Publishing
Version: 27 January 2005
Length: 15 pages
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Abstract
What happens to an industry with millions of employees that loses its comparative advantage? This note examines this question by looking at the global textile and apparel industry. With the Multi-Fiber Arrangement coming up for renewal in December 1981, the United States, Europe, and the developing world must decide how to divide the international textile market in the 1980s. The debate focuses on who wins and who loses from protectionism, and the advantages and disadvantages of free trade.
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Subject category:
Economics, Politics and Business Environment
Published by:
Harvard Business Publishing
Version: 27 January 2005
Length: 15 pages