The Tragedy of the Commons Author: Garrett Hardin Year Written:
Projecting integration of product and resource across international markets, fundamental and important of globalization has been indicated. Tracing T-shirt value chain starting at Texas where raw material was grown, explains how the U. The whole set of quotas, tariffs and subsidies they receive are called protectionist policies.
Moving on the value chain to manufacturing process in China, the fact that U. Players in apparel industry have looked for ways to reduce costs by outsourcing their productions outside the US. As a result, some groups think that the phenomenon has led to domestic unemployment.
But in fact, globalization is not the only source of the problem; it is the advancement of production technology. Productivity has been higher while using less labor force.
Nevertheless, Quota system, an import barrier, was implemented with interference from politics. Reverse effects of the policy benefited China more than small developing countries that the US was trying to help and US textile companies themselves.
Importers were unable to predict and establish relationship with their suppliers. This also means costs of finding new suppliers and risk to business.
Import barriers limited flexibility for US fabric producers to respond to the changing needs of the domestic market, which led to lower competitiveness.
Moreover, the situation forced Chinese manufacturers to improve and produce higher value product to US market. It is certain that the US companies have brought their technology to China when they shifted sourcing there. And with complete value chain within the country, flexibility in production and technology, China can be as competitive as developed countries in apparel industry.
Despite the growing influence of democracy in the world, the cash-rich nation proves that capitalism does not require democracy. Globalization may open up the economy but not the politics. The political landscape remains national. Another interesting point in T-Shirt value chain is in Africa, this stage in T-shirt life has projected textile recycling that has positive environmental impact in Africa.
Used T-Shirts from U. According to those factors mentioned above, it can be clearly inferred that globalization benefits allocation of resources, increase income, world output, variety of goods, and is essentially good for the consumer. Combined with supporting factors like Information technology, enables the exchange of information among nations, corporations and individuals around the world, while transportation technology facilitates trade and other physical exchange in global value chains.
With these factors, I believe that Globalization and free trade across the world will virtually happen because the world is now without borders.
The flow of goods, services, and people can move seamlessly because of cheap transportation and information technology. Still those national borders will remain because they are driven by politics and psychology.
Globalization levels the playing field for nations around the world, but at the same time it threatens them. Consequently, countries will defend their national markets against globalization, it will provoke nationalism. Globalization creates universal global culture while at the same time strengthens traditional culture as a counterbalance.One road leads to a global fascist/communist dictatorship that would control every aspect of our lives, including our thoughts.
The other will open the door to freedom and potential on a scale never experienced in the 'world' as we have known it. Jan 01, · The Travels of a T-Shirt in the Global Economy NPR coverage of The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, And Politics of .
One road leads to a global fascist/communist dictatorship that would control every a spect of our lives, including our thoughts. The other will open the door to free dom and potential on a scale never experienced in the 'world' as we have known i t. T Shirt Travels | PBS America.
Textile Industry, Second Hand Clothes, Remote, Sustainability, Pilot. Fast Fashion Sustainable Fashion Fair Trade Thesis Sustainability Respect Cool Outfits Nice Outfits Dope Outfits little has changed in the global sweatshop economy. Workers are again trapped and burned to.
Triangle Returns (Warning. This is part of a chapter by chapter reaction to The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade. Check out: Introduction to the T-Shirt Travels Review.
Discussion questions for The Travels of a TShirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade Page 2 • In May , Congress overrode President Bush’s veto of the Farm Bill, a piece of legislation that would have resulted in considerable reductions in many of the subsidies paid to wealthy, large‐.