Question

What is the central theme for The Travels of a T-Shirt in the Global Economy Part 3 Trouble at the border? Evaluate the lessons from the perverse effects and unintended consequenses of t-shirt trade policies and provide an argument with strengths and weaknesses from Part 3.

Answer 1

In The Travels of a T-Shirt in the Global Economy, business professor Pietra Rivoli explores the politics and the human element behind the globalization debate by tracking the life story of her $6 T-shirt.

Starting in a West Texas cotton field, her T-shirt is brought to life in a Chinese factory; negotiated in Washington, DC; sold in a Walgreen's drugstore in Fort Lauderdale, Florida.; and eventually makes its way to a used clothing market in Africa. Through the story of her T-shirt, Rivoli shows how the advocates and critics of globalization often oversimplify the issues behind international trade.

Perverse Effects and Unintended Consequences of T-Shirt Trade Policy :

However , jobs continue to decline in the U. S. and in China too due to mechanization , an unintended consequenses has been reduced competitiveness of U. S. textiles and apparel. The quote system has produced irrationality essential and cheating. It persists because the public distrust free trade, despite the doctrine's board support among economists. Beneficiaries have been "the dozens of small developing countries whose textile and apparel industries were effectively created by the MFA (Multifibre Agreement ) . The trade in used clothing is controversial , but you're is little evidence that African textile industries would thrive but for the import trade in used textiles and efforts to ban it only drive it underground . There is a chance that China may move into the U. S. used clothing export business due to reduced shipping costs to China

Conclusion: While it is not possible to generalize from this industry to globalization in toto, the story of the T- shirt shows that free markets are less of a factor than commonly thought and that it is less market forces than limits to political participation that are to blame for sweatshop practices .