Chapter

Tight Clothing

Carolyn L. Evans and James Harrigan

in International Trade in East Asia

Published by University of Chicago Press

Published in print September 2005 | ISBN: 9780226378961
Published online February 2013 | e-ISBN: 9780226379005 | DOI: http://dx.doi.org/10.7208/chicago/9780226379005.003.0012
Tight Clothing

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This chapter investigates the impact of the complex system of bilateral quotas called the Multifiber Arrangement (MFA) Asian apparel exports. The findings reveal that East Asia exporters have suffered a natural loss in comparative advantage to producers in Mexico and the Caribbean as fashion patterns speed up as a result of quotas and tariffs. The result also shows that the MFA has raised import prices and transferred many billions of dollars in quota rents to holders of quota licenses in East Asia and elsewhere.

Keywords: Multifiber Arrangement; apparel exports; East Asia; comparative advantage; Mexico; Caribbean; quotas; tariffs; import prices

Chapter.  8818 words.  Illustrated.

Subjects: Business and Management

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