Chinese textile industries are a threat to the Japanese textile industries. Give a reason.
Answers
Answer:
In view of the relation of factor and international competitive advantage, the development of the textile industry is still determined by labor costs and technology. In comparison, the garment industry is labor intensive while the textile industry, particularly in the chemical fiber sector, capital and technology are becoming more and more important. China’s textile industry shows apparent scale economy and cost effects in material supply, labor costs, product qualities, compatibility between up and down stream, which contribute to its vigorous export competitive advantage. But as developed countries are persistently investing new technologies into their textile industries, the advantage of cheap labor in developing countries tends to be weakened by continuously improving productivity in developed countries. The textile industry in developed countries thus can maintain higher profit while at the same time reduce production. In this section, competitive advantage of China’s textile industry will be analyzed, and comparisons to its counterparts in both developed and developing economies will be made.
Answer:
indian textile industry
Explanation:
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