Buy custom Critically discuss the threats and opportunities for an economy of your choice arising from the growth of China.
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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 3043 |
Essay's paper body
apparel employment industry in half, losing over 600,000 jobs.
b) In that period two great suppliers have become the lions of the U.S. market: Mexico and China.
c) In 2000 Mexico supplied fewer than 15 percent of all clothing imports to the U.S., the Peoples’ Republic of China over 7 percent.
d) After the WTO lifted is global production quotas on clothing and textiles in 2007 26,000 jobs were lost in the U...
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and clothing imports specifically from China doubled at the expense of clothing imports from Mexico.
From the above one can deduce that while there will always be job loss in sectors employing unskilled labour in the U.S. because of the minimum wage differential between America and the developing countries such as China...
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