By Gladys Lopez-Acevedo,Raymond Robertson
ISBN-10: 1464808139
ISBN-13: 9781464808135
But for South Asia to achieve those dividends, it needs to make sure that its working-age inhabitants is productively hired.
As the most popular labor-intensive industries in constructing nations, clothing production is a primary contender. With round 4.7 million employees within the formal region and one other envisioned 20.3 million informally hired (combined with textiles), clothing already constitutes just about forty percentage of producing employment. And on condition that a lot of clothing construction remains to be labor-intensive, the capability to create extra and higher jobs is immense.
There is a big window of chance now for South Asia, provided that China, the dominant manufacturer for the final ten years, has began to cede a few floor as a result of larger wages. however the area faces robust pageant from East Asia—with Cambodia, Indonesia, and Vietnam already pulling forward. Plus the sphere suffers from construction inefficiencies and coverage bottlenecks that experience avoided it from attaining its potential.
Against this backdrop, this file hopes to notify the controversy through measuring the employment profits that the 4 such a lot populous nations in South Asia—Bangladesh, India, Pakistan and Sri Lanka (hereafter `SAR countries’)—can count on during this new atmosphere of elevated pageant and scrutiny. Its major message is that it is necessary for South Asian economies to take away current impediments and facilitate development in clothing to catch extra construction and create extra employment as wages upward push in China. The profitable brands could be those that can provide a variety of caliber items to dealers swiftly and reliably—not simply supply low costs.
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Stitches to Riches?: Apparel Employment, Trade, and Economic Development in South Asia (Directions in Development;Directions in Development - Poverty) by Gladys Lopez-Acevedo,Raymond Robertson
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