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What is Globalization about?
The text summarizes employment trends in the textile and apparel industries from 1973 to 2005. Increased globalization and new technologies led to major employment declines in these industries over this period. While employment fell by 39% in these industries, manufacturing employment overall only declined by 8%. While job losses are projected to continue, the textile and apparel industries will remain an important source of employment, projected to employ over 1.3 million workers in 2005.
- Author
- Kannan Krishnamurthy
- Language
- EN