by Pietra Rivoli
April 27, 2005 Georgetown University economist Pietra Rivoli spent five years studying what T-shirts can teach us about the global economy and how it impacts our everyday lives, an effort culminating in the book The Travels of a T-Shirt in the Global Economy. The excerpt below, from chapter 9 of her book, discusses how the lifting of textile and clothing quotas is expected to lead to greater Chinese dominance — to the detriment of exports from other developing countries.
April 27, 2005 With the expiration of apparel quotas, China is expected to dominate the world T-shirt market. Many of those T-shirts are sewn in factories in and around Shanghai, China's busiest and fastest-growing city.
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April 26, 2005 This book excerpt comes from the preface of The Travels of a T-Shirt in the Global Economy, by Pietra Rivoli, copyright 2005, and is used by permission of the publisher.
April 26, 2005 Georgetown University economist Pietra Rivoli spent five years studying T-shirts and what they can teach us about the global economy, an effort culminating in the book The Travels of a T-Shirt in the Global Economy. In this excerpt, she discusses how Texas cotton growers have managed to maximize their profits:
April 26, 2005 Much of the world's cotton comes from Texas, even though it's not a particularly great place to grow the crop. Big subsidies and heavy technology and R&D spending have helped the United States dominate the global cotton trade for two centuries.
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