View metadata

dc.titleAnalysis of the Textile and Clothing Industry Global Value Chains: Summary
dc.contributor.authorFernandez-Stark, Karina
dc.contributor.authorBamber, Penny
dc.contributor.authorCouto, Vivian
dc.contributor.orgunitRegional Integration Unit
dc.contributor.orgunitProductivity, Trade and Innovation Sector
dc.date.available2022-12-21T11:26:24
dc.date.issue2022-12-19T00:12:00
dc.description.abstractThe textile and apparel industry is a highly globalized, multi-trillion-dollar sector. Today, production networks are dominated by low-cost Asian countries with very large labor-pools, which has made it increasingly difficult for other producers around the world to compete, including those in Latin America and the Caribbean (LAC). While the region has participated in the industry, there are currently no LAC countries amongst the leading ten exporters. The COVID-19 pandemic, together with rising geopolitical tensions between the US and China, however, has disrupted this well-established business model over the past two to three years. This creates the most significant opportunity of the past decade to reconfigure the geography of the supply chain; as a small, but long-term supplier, with proximity to the worlds largest single market, Central America is well-positioned to benefit from these changes. Nonetheless, the region needs to upgrade various aspects of their GVC participation in order to become a serious contender in the reconfiguration of the industry. Key policies should focus on developing human capital through industry-specific training initiatives; intensifying investment attraction efforts; and aggressively investing in both hard and soft infrastructure to reduce barriers to trade and enhance lead time responsiveness.
dc.format.extent55
dc.identifier.doihttp://dx.doi.org/10.18235/0004663
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Analysis-of-the-Textile-and-Clothing-Industry-Global-Value-Chains-Summary.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectGlobal Value Chain
dc.subjectIndustry
dc.subjectExport
dc.subjectManufacturing Export
dc.subjectLabor
dc.subjectTextile Manufacturing
dc.subjectTextile Export
dc.subjectService Provider
dc.subjectExport Activity
dc.subjectIntegration and Trade
dc.subject.jelcodeF13 - Trade Policy • International Trade Organizations
dc.subject.jelcodeF23 - Multinational Firms • International Business
dc.subject.jelcodeF63 - Economic Development
dc.subject.jelcodeL67 - Other Consumer Nondurables: Clothing, Textiles, Shoes, and Leather Goods; Household Goods; Sports Equipment
dc.subject.jelcodeN66 - Latin America • Caribbean
dc.subject.keywordsglobal value chains;Textile;Apparel;Trade disruptions;textile and apparel;CAFTA-DR;Central America;post-COVID;post-pandemic;regional integration;economic upgrading
dc.typeTechnical Notes
idb.identifier.pubnumberIDB-TN-02625
idb.operationRG-T3971
Return to Publication