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Globalization and the South African textiles industry: impacts on firms and workers

✍ Scribed by Simon Roberts; John T. Thoburn

Publisher
John Wiley and Sons
Year
2003
Tongue
English
Weight
129 KB
Volume
16
Category
Article
ISSN
0954-1748

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✦ Synopsis

Abstract

South Africa has been integrating into the global economy since the early 1990s through a rapid programme of trade liberalization. Its textile industryβ€”an activity important in manufacturing value‐added in most developing countriesβ€”illustrates the effects of this policy on firms and their employment and wage payments, which are among the most important channels through which trade shocks affect poverty in an economy. Exporting has been driven by trade liberalization, but the restructuring of firms has involved substantial falls in total textile employment, while production has stagnated. Labour productivity has increased and average real wage payments have risen. Copyright Β© 2004 John Wiley & Sons, Ltd.

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