Review The Markets, Power And Politics Of World Trade International trade can be a difficult topic to discuss in the abstract, but when it is focused on a single product that makes its way around the world over the course of its usefulness, the unwieldy issue of globalization is made vividly clear.
While the conditions these women work in leave room for much improvement, progress is being made.
So what China has gained, one could conclude, the Africans have lost. In both situations, you have some labor that has been made redundant. So there's neither a Stiglitzian indictment of the IMF nor a pat on our back, and I wonder whether we should feel offended.
Buying a shirt, she works her way backward in time and space to find its origins, or the origins and eventual lifespan and demise of such T-shirts, by relying on inference, deduction and reasonable assumption.
Let me kick it off with some statistics that supplement what Pietra mentioned about T-shirt imports into the United States this year. It provides a keen social awareness to people who may or may not ordinarily care about international economics and can have an eye-opening effect toward what really happens in the textile industry.
She sits on a hard metal chair that is attached to tracks on the floor in front of a row of spindles. A few words of introduction to the book: You know, there's so little in business and economic writing that talks about people. So I came from the beginning of the life of the T-shirt, its birth in the Texas cotton field, to the very end with its afterlife, whether it's as used clothing in Tanzania or stuffing in the bottom of our chairs.
While this government protectionism of cotton farmers seems to be the reason for the U. Thanks to Prakash Loungani at the IMF, who was my co-author on that humorously titled "Nailing the Homeowner" paper, for inviting me here today. That's a big question, but I would say reduced down to the bottom line, there's a couple of basic issues that mark the difference between countries that have some kind of brighter economic future and those that don't.
We do, in fact, give some preferential access to African textiles under the AGOA, the African Growth and Opportunity Act, so that there is zero tariff treatment on African textiles that Chinese textiles don't enjoy. But already labor costs in South China have gotten too high to produce cheap T-shirts, and so already production of cheaper clothing is moving to cheaper places from China, even as we speak.
But to understand who the unskilled worker is, one must first understand the hukou. Is it perhaps going to create frictions that we cannot really manage in the same way that earlier frictions that have been painful have been managed?
Second, the book is scrupulously fair-minded. Brink, should we give more time to Africa? From a well-off American discarding her clothes to the bins of the Salvation Army and then on to sorters in New Jersey, T-shirts leave America for one final journey — where Rivoli says the T-shirts encounter their first real free market.
From the farm to sweatshops, where they worked for long hours, under poor conditions, and all for extremely low pay; the Chinese workers all held one belief in common: By carefully interpreting the costs and benefits, I can see now that some of these sacrifices were worth it in the long run to enhance the industry.
The move from Massachusetts to North Carolina took 20, 30 years, and so on, and similarly for the moves in the 20th century.
Despite my obvious philosophical differences with the author, I still highly encourage everyone who has ever worn a t-shirt to read this book. And where are they going to go?
From the cotton slaves in the nineteenth-century, to the present crop insurance and subsidies paid by the taxpayer, cotton farmers of America have discovered a myriad of ways to escape the fires of the labor market. As probably all of you know, most of the remaining import quotas on clothing were lifted on January 1 after 40 years of limiting imports of clothing into the United States from most important developing countries.
Tracing a T-shirt's life story from a Texas cotton field to aChinese factory and back to a U.Book Review: The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power and Politics of World Trade Show all authors.
Robert Whaples. Robert Whaples. Wake Forest University See all articles by this author. Search Google Scholar for this. Written by Pietra Rivoli, Narrated by Eliza Foss. Download the app and start listening to Travels of a T-Shirt in the Global Economy today - Free with a 30 day Trial!
Keep your audiobook forever, even if you cancel. Don't love a book? Swap it for free, anytime. Shop Products Sale Items Travels of a T-Shirt in the Global Economy – Second Edition. Sale! Sale Items Travels of a T-Shirt in the Global Economy – Second Edition $ $ The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade Join over 50, people and over 1, Combining history with insight, humor with good-natured critique, Rodrik’s case for a customizable globalization supported by a light frame of international rules shows the way to a balanced prosperity as we confront today’s global challenges in trade, finance, and labor markets.
Nov 24, · The keys to global business success, as taught by a T-shirt's journey The Travels of a T-Shirt in the Global Economy is a critically-acclaimed narrative that illuminates the globalization debates and reveals the Format: Paperback.
Introduction. The book “T-Shirt in a Global Economy: ‘An Economist Examines the Markets, Power, and Politics of World Trade’ by Pietra Rivoli may possibly seem off-putting to scholarly economists habituated to deteriorating equations for reading for relaxation.Download