Perspectives for the textiles and clothing industry in Greece: Past experience, outlook and policy implications
AbstractThe liberalization of trade in Textiles and Clothing (T&C) had substantial adverse effects on the Greek T&C industry. The elimination of export quotas affected production levels, exports, prices and employment in the sector. Using past research results we explore how the MultiFiber Agreement (MFA) and the, subsequent, Agreement on Textiles and Clothing (ATC) regime affected producers’ welfare in Greece. Given the recent developments, after the 2005 termination of the ATC, we explore the applicability of a policy model. Innovations adopted in the production process, new cost-efficient technologies and workers’ training are the keystone factors in establishing a competitive industry for the future.
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Bibliographic InfoArticle provided by SPOUDAI Journal of Economics and Business, University of Piraeus in its journal SPOUDAI Journal of Economics and Business.
Volume (Year): 61 (2011)
Issue (Month): 1-2 (January - June)
T&C; MFA; ATC; Applied Welfare Analysis;
Find related papers by JEL classification:
- D20 - Microeconomics - - Production and Organizations - - - General
- D60 - Microeconomics - - Welfare Economics - - - General
- F10 - International Economics - - Trade - - - General
- L67 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Consumer Nondurables
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