This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: 11/18/2011 1 Chapter 11 Chapter 11 Asia and Oceania Objectives Objectives Comprehend the magnitude of Asia as a political and economic trading bloc Appreciate the economic and political positions of individual countries within Asia 2 Examine the status of the textile and apparel business in selected Asian and Oceania countries Project textile and apparel trading trends for Asian countries into the period following the phase-out of the quota system Introduction Introduction Asia is the largest continent; countries range from fully developed to least developed Contains the world’s two most populous nations, China and India 3 Half of the Asian continent’s countries have populations smaller than New York City Oceania consists primarily of two developed island countries, Australia and New Zealand Political and Political and Economic Overview Economic Overview Asia and Oceania have been subdivided into the following four groups of nations: • East Asia: China, South Korea, Taiwan, and Japan 5 • Southeast Asia: Hong Kong and eight of the ten ASEAN (Association of Southeast Asian Nations) countries • South Asia: Pakistan to Bangladesh • Oceania: Australia and New Zealand Asian Regional Asian Regional Collaboration Collaboration The Asia-Pacific Economic Cooperation (APEC) , established in 1989 as a forum for facilitating economic growth, cooperation, trade, and investment in the Asia-Pacific region 6 Region served by APEC (Pacific Rim) is deeply involved in textile and apparel Across-the-border connectivity in the form of regional and bilateral trade agreements is already in place, with many more on the horizon 11/18/2011 2 Asian Regional Asian Regional Collaboration Collaboration Comparing the overall functions of the EU, OAS, and APEC All are forums for facilitating economic growth, cooperation, and trade among their members. OAS and APEC do not produce treaty obligations or binding commitments, but reach consensus and make commitments on a voluntary basis WTO and EU produce binding commitments with nations and among member nations 7 Economic and Economic and Industrial Standing Industrial Standing of Countries in of Countries in Regions of Asia and Regions of Asia and Oceania Oceania China has the largest population; India is second East Asia and Oceania have longer life expectancies and higher literacy rates than do Southeast Asia and South Asia 9 Based on GDP, China has the second largest economy in the world, followed by Japan, Germany, and India Overall, Oceania is rich; East Asia is relatively rich, except for China; Southeast Asia is relatively poor, except for Singapore; and South Asia is poor Overview of Asian Overview of Asian Textile and Apparel Textile and Apparel Trade Trade Migration of textile and apparel production to Asia began over 60 years ago due to “race to the bottom” At peak in the early 1980s, Hong Kong, Taiwan, and South Korea (the “big three”) supplied almost 30 percent of world exports of textile and apparel...
View Full Document
- Fall '11
- Apparel Production