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Essay / Research Paper Abstract
This 38 page paper examines the multi-fibre agreement (MFA) examining what the agreement was, how it was formed and the controls that the agreement placed on exports textile and clothing exports from developing countries. The paper then looks at the impact of the MFA expiration where some countries, such as Mexico and Indonesia have lost out and others, such as China and India have gained. The bibliography cites 15 sources.
Page Count:
38 pages (~225 words per page)
File: TS14_TEmultifibre.rtf
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Unformatted sample text from the term paper:
1. Introduction Global trade has increased significantly during the 20th century; this has been seen in all areas industry. The clothing and
textile industry has been important all developing and developed countries. During the 1950s there were changes in a pattern seen in the clothing and textile industry, with developing countries increasing
level of exports that they were making to developed countries (Havrila and Gunwawardana, 2008). This poses a potential threat for many of the developed countries which had significant economic investments
within the clothing and textile industries. The increased exporting from developed countries resulted from the global trading patterns which would developing, including
increased liberalization to facilitate international trade. However, with a high level of imports arriving into country, as in price as a result of comparative advantage, it was apparent that there
was a threats to the industries within the developing country; potential decrease in demand and reduction in employment levels. The General Agreement of Tariffs and Trade (GATT), have provided many
opportunities, but it was providing a threat. In order to protect themselves the developed nations sought to introduce measures in order to protect their clothing and textile industries and
their economies. A range of measures were introduced, the longest lasting of these was the Multi-Fibre Agreement (MFA), which lasted from 1974 until 2004, undergoing several revisions during a time.
The aim of the agreement was to allow the industries in the developed nations sufficient time to adapt and adjust in order to avoid economic shock.
This has had profound effects on industry during its existence, and following its termination, with some winners and some losers. By looking at the development of
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