a) The history of the location of the textile industry illustrates that the economy truly is global. It shows how one good can travel halfway across the world and back to be fully produced. It also shows how firms have the ability to move production from country to country to find the cheapest labor possible.
b) Industrialization has both positives and negatives consequences. Industrialization has led to, for some (Chinese female laborers) very poor working conditions, long hours, and low wages. However, industrialization also leads to an increase in productivity. Firms can produce goods for a lower cost and thus lower the price of goods in the market.
c) the section I found most interesting was the one where Rivoli highlights how important China is to the U.S. textile economy. I was surprised that in the 1800'2, China purchased half of the US total chlothing exports.
No comments:
Post a Comment