The Central American Clothing Assembly Industry and the Asian Competition
Academy Business Discipline Journal (ABDJ), 2010
17 Pages Posted: 8 Feb 2016
Date Written: March 7, 2010
The clothing assembly industry has long been an important economic sector in a number of countries of the Caribbean Basin. This paper will begin with a summary of the growth and development of the Central American and Caribbean Basin garment export industry in the face of evolving trade liberalization. It will then examine how China and other Asian countries have eclipsed the region’s clothing exports to the US as they made inroads into the latter's market. An attempt will be made to speculate on the possible impact the recently approved Caribbean Free Trade Area (CAFTA), since specific provisions aim at boosting the region's garment assembly sector.
Keywords: clothing assembly, Central American, garment export industry, Asian, CAFTA
JEL Classification: F13, L67, N76, N46
Suggested Citation: Suggested Citation