The textile trade situation in developing countries
Many developing countries will face the prospect of the textile trade liberalization shivering. Developed countries are required to cancel their most likely protection benefits of the industry. It should enable them to gain an advantage from their low wages labor. This seems to be a long time ago. But in the 1980s, they witnessed the emergence of three Asian producers which includes China area, Hong Kong and Taiwan area, South Korea area has become the biggest cheap clothing exports. In their rush hour, the three regions of the world almost occupied a third of the clothing exports. But in last 20 years, due to the low cost countries took their market share, they dropped to 8%.
South Asia has a very importantnbsp;position to the whole market. But some manufacturing foundation is weak, the rural population exists in many poor countries, clothing manufacturing provides a labor-intensive industry with the method of eliminating poverty. Based on this stiuation, Some of the smaller developing countries could become a loser. In South Asia, Bangladesh, Nepal and Sri Lanka textile industry is very weak. For example, Bangladesh has nearly 400000 textile workers and 800 factories in 1990. In nowadays, it almost has 2 million textile workers and 4000 plants. Most workers are women. The world bank economist estimates that there are 10 million people to 12 million people depends on the industry to survive.
Until a couple of years ago, some countries have become rely on textile industry. In Cambodia, many people brought overseas investment. The clothing manufacturing got the investment from China to Hong Kong and Taiwan. Clothing export accounts for 70% of the merchandise exports of Cambodia in the modern society. In Bangladesh and Brazil, clothing export of proportion is higher. In Pakistan, Mauritius and Sri Lanka, clothing export market share has occupies more than 50%.spy sunglasses
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