Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (19107)	12/20/2004 5:38:13 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Wal-Mart and Distance Can Save U.S. Textiles: Andy Mukherjee Dec. 21 (Bloomberg) -- Concerns that an unstoppable Asian juggernaut is going to crush whatever is left of the U.S. textile and garment industries may be vastly overstated. With two weeks to go before a three-decade-old quota system gives way to global free trade, U.S. manufacturers fear that the Chinese and Indian garment exporters, with their vast armies of cheap labor, are going to put them out of business in the lucrative North American market. While it's true that the Americas are at a disadvantage -- the hourly labor costs in the U.S. and Mexican apparel industries are $9 and $2.5 respectively, compared with 88 cents and 38 cents in coastal China and India -- wages are only one part of the equation. Doomsayers are wrong, argues a study by the Harvard Center for Textile and Apparel Research, because they ignore a crucial fact: proximity. quote.bloomberg.com