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The Cambodian clothing industry in the post-MFA environment : a review of developments

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Title: The Cambodian clothing industry in the post-MFA environment : a review of developments
Related: Journal of the Asia Pacific economy, Vol. 14, No. 4 (2009), p.366-388
DOI: 10.1080/13547860903169357
Publisher: Routledge
Date: 2009
FoR/RFCD Code(s): 169903 Studies of Asian Society 140202 Economic Development and Growth
Author/Creator: Beresford, Melanie
Description: The period 2005–2008 provides an opportunity to examine the impact of ending the Multi-Fibre Arrangement's system of quotas on the development of Cambodia's clothing industry and the wider Cambodian economy. The question is particularly interesting because (1) Cambodia has incorporated independently monitored labour standards and trade union rights into its labour law and (2) the clothing industry plays a centrally important role in growth of exports, GDP and employment. The paper shows that with the exception of the EU market, the increasingly competitive environment did not undermine expansion of the industry prior to the onset of global recession in 2008. The reason for continued success lay mainly in improved price competitiveness through exchange rate movements and the shift of China towards more upmarket production. Productivity gains seem an unlikely source of continued rapid growth. Finally, an examination of monitoring reports indicates that labour standards did not decline as a result of increased competitive pressures. Changes scheduled to take place in the monitoring system might, however, reduce its independence and permit the growth of a sector of the industry with lower standards.
Description: 23 page(s)
Subject Keyword: 169903 Studies of Asian Society
Subject Keyword: 140202 Economic Development and Growth
Subject Keyword: Cambodia
Subject Keyword: clothing industry
Subject Keyword: import quotas
Subject Keyword: labour standards
Resource Type: journal article
Organisation: Macquarie University. Dept. of Economics

Identifier: http://hdl.handle.net/1959.14/127849
Identifier: ISSN:1354-7860
Identifier: mq-rm-2008004835
Language: eng
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