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How has free trade had different impacts on developing and developed countries?

Answer this question… It has made it easier for developed countries to import and export goods, but has sometimes led to the exploitation of workers in developing countries.


What are the disadvantages for clothes being made in rich countries?

There are a few disadvantages from buying clothing made in rich countries. For example, these pieces of clothing will usually be more expensive since the wage for the workers will be higher than in poorer countries.


How many clothes are made in a year?

enough clothes to go around the earth 30 times!


What is import substitution?

The import substitution strategy has certain strong points: Firstly, in developing countries there are always large domestic markets for manufactured goods, so developing an import subsitution industry involves a low degree of risk. Secondly, for developing countries, to protect local industries against foreign competition is easier than forcing developed countries to lift trade barriers against manufactured goods from developing countries. However, this strategy also meets with difficulties: Firstly, bad management and technology, and protectionism usually lead to low product quality and high production cost because of a lack of improvements. So it's difficult to require local industries to supply high-quality substitutes for imports. Moreover, in small countries with small domestic industries, carrying out the import substitution strategy is no easy task. Secondly, a lack of capital and new technology has made local industries failed to meet diversified tastes of customers, and has made imported goods cheaper than locally-made counterparts. The export-oriented strategy also has both the pros and cons. In developing countries, low personal income makes the domestic market less attractive, so aiming at larger foreign markets seems to be a good solution which could help to: (1) create more jobs and stabilize socio-political life, and (2) bring in more foreign exchange needed for importing new technologies and increasing manufacturing output. However, countries adopting this strategy meet with a lot of difficulties in gaining a foothold in the world market which is relatively stable and is controlled by more reliable suppliers from developed countries. In addition, developed countries are experts in protecting their labor-intensive industries against products from developing countries with better comparative advantages.


What is the raw material for clothes?

It is made from raw material because it is made from cotton

Related Questions

Why are so many of our clothes made in developing countries?

Many clothes are made in developing countries because labor costs are lower there, making production cheaper for companies. Additionally, these countries often have a large workforce with the skills needed for garment manufacturing.


Why are so many of our clothes made in developing countries, and what factors contribute to this trend?

Many clothes are made in developing countries because of lower labor costs, less strict regulations, and access to raw materials. Factors contributing to this trend include globalization, outsourcing by companies, and the availability of skilled workers in these countries.


Why are few clothes made in the UK?

Im not quite sure why,, but i think its because not much cotton is grown over here, and because most major brands make them in countries where they are cheap to make.


Which clothes washer brands are manufactured in the US?

I'm not to sure. Maybe check the labels and see where they are made? Or, if the brand has extended brands, check them?


Over 80 percent of the clothes that Americans buy have been manufactured in other countries Why do American firms sell clothes made in other countries?

Foreign-made clothes cost less than similar American-made clothes.


Where is stainless steel made?

Stainless steel is made in most developed countries and many developing countries. It tends to be made in metal foundries.


How had free trade had different impacts on developing and developed countries?

Answer this question… It has made it easier for developed countries to import and export goods, but has sometimes led to the exploitation of workers in developing countries.


How has free trade had different impacts on developing and developed countries?

Answer this question… It has made it easier for developed countries to import and export goods, but has sometimes led to the exploitation of workers in developing countries.


How has free trade has different impacts on developing and developed countries?

Answer this question… It has made it easier for developed countries to import and export goods, but has sometimes led to the exploitation of workers in developing countries.


Where are french connection clothes made?

Typically French Connection Clothes contain the marking "Made in China" but there is a chance they were made in other countries as well. It is unlikely that they are made in France.


Which American brands are owned by foreign companies or made in foreign countries?

Nintendo. Sony.


What continent is considered developing?

It is countries that are described as developing. South America, Africa, and Asia are mostly made up of developing countries. There are many island nations, as well as the countries of Central America, that are considered developing nations.