1. Global Apparel Sourcing for US----The post January 01, 2005 scenario.
... is creation of fashion. The apparel industry manufactures clothing, but it sells fashion. And fashion changes generate hundreds of billions of dollars in sales for an industry which ones was a major manufacturing force in the US "but not anymore. No other industry more rapidly reflects changing consumer lifestyles. Social, political and psychological influences, as well as whims of style, create ... , the removal of quotas and a reduction in tariffs could add 18% to the value of trade in textiles alone by 2005. Liberalization under the WTO would increase the value of apparel trade by as m...
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- Grade Level: High School