Shakeup in Global Market for Textiles Many Latin American countries like Nicaragua may soon be priced out of the global market for textiles and apparel. The Multi-Fiber Arrangement, which created a worldwide system of textile quotas, is scheduled to expire Jan. 1, 2005. This could trigger a massive transfer of wealth and jobs from other developing nations. Will there be a race to the bottom? NPR's Kathleen Schalch reports.
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Shakeup in Global Market for Textiles

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Shakeup in Global Market for Textiles

Shakeup in Global Market for Textiles

Shakeup in Global Market for Textiles

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  • <iframe src="https://www.npr.org/player/embed/4048539/4048540" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Many Latin American countries like Nicaragua may soon be priced out of the global market for textiles and apparel. The Multi-Fiber Arrangement, which created a worldwide system of textile quotas, is scheduled to expire Jan. 1, 2005. This could trigger a massive transfer of wealth and jobs from other developing nations. Will there be a race to the bottom? NPR's Kathleen Schalch reports.

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