The emphasis is also on the close link between the Chinese economy and the population, to form the spine of the economic development in China. The focus is also on the efforts made by the Chinese textile industry on the global scene, with emphasis on expanding quality production and competitive penetration in the world market.
Content: The content presents the aims and the objectives of the paper, which focuses on the strategic and economic advantage of China in achieving a position of significant importance on the world platform in the Textile and Apparel Industry with special emphasis on it's competitiveness in the EU market.. The understanding of these state-societal arrangements and international competitiveness requires detailed industry specific analysis. ...
Chapter 2: Literature Review: The entry of China in the world market since 2005, with the quota-benefits is instrumental in her rising position as an important player in the world market with cutting edge of competitiveness and higher standards. Clark observes in his study of international competitiveness the need for the management and organization to work in harmony. "Management and organization is the focal point of Clark's study. It is the force of international competitiveness that creates incentive for change. A government can create temporary incentives but can do little to get domestic firms optimize their objective functions in the long run" (Tiwari,1988). The study conducted by Caves indicates that producers behaviour and resource allocation are altered by trade changes, rate of adjustment of the structure of the manufacturing
Industries to import competition and the amount of the sunk capital are highly correlated, marketing opportunity at a global scale enhances the plant-scale economies, and the product differentiation changes the effect of import competition. (Tiwari, 1988)Collis advocates a different approach saying "that an appropriate industrial policy corrects market imperfections and creates congenial environment for successful business. To adopt suitable industrial policy, it is essential to clearly define industry's role, understand company's strategies in the light of shifting comparative advantage and the changing structure of the global industries, identify market failures and implement coherent policies to minimize the pitfalls."(Tiwari, 1988) Kalt finds that the industries trade performance is weakened by domestic environmental regulations. Non-environmental economic regulations, on the other hand