The Social and Economic Cost and Payoffs of Industrialization in International Textile/Apparel Trade

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Abstract
The focus of this paper is on the social costs and benefits associated with economic shifts in international textile and apparel trade and industrialization. Because these changes are important. virtually everywhere in the developed and developing world, the importance of assessing the social impact of these economic shifts in specific historical/cultural contexts is asserted. Attention is given to how the direction of these changes differs for producers in developing countries as compared with those who participated in the first Industrial Revolution in Britain. Finally, both the policy and educational implication of this broader comprehension of international textile trade are addressed.

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