By Jose R. De LA Torre
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Extra resources for Clothing-industry Adjustment in Developed Countries
The capacity for any one of the OECD countries to retaliate against a deviant member is both serious and real. Thus, while much skirmishing will undoubtedly occur at the margins, particularly against such successful exporters as Japan, the fundamental principle of open trade is not likely to be brought into question, barring a major crisis. Whatever disagreements arise (and they will in areas such as steel, agriculture, automobiles and shipping), considerable effort will be spent to prevent them from escalating or spreading to other fields.
8. ), Employment, Trade and North-South Cooperation (Geneva: International Labour Office, 1981) p. 40. 9. For a detaiied discussion of the pros and cons of these and other arguments for protection with particular application to th(' textile and clothing sectors, see Gerard Curzon, Jose de la Torre, Juergen B. Donges, Alasdair I. MacBean, Jean Waelbroeck and Martin Wolf, MFA Forever) Future of the Arrangement for Trade in Textiles, International Issues No. 5 (London: Trade Policy Research Centre, 1981).
7 per cent in 1963 and 3. 7 per cent m 1979. 22 SouRcE: Textile and Clothing lndwtms: Stroctural Problems and Policies in OECD Countms (Paris: OECD Secretariat, 1983) Table 17. •Af) figures are in volume; that is, current dollar values deflated by price/unit value indices. textile markets open to international competition has accelerated the adjustment required of firms in all countries and segments of the industry. 5. j:i. 27 1. 1 7. 6 26. I 14. 4 aAreas arc defined as follows: 'industrial' includes all OECD member countries except Australia and New Zealand; 'ET A' is the Eastern trading area, including all centrally-planned economies except Yugoslavia; and 'developing' accounts for all other countries except South Africa.
Clothing-industry Adjustment in Developed Countries by Jose R. De LA Torre