Thursday, August 25, 2005

T-shirts economics

Here's a good book to sink your teeth into. Published in 2005, "The Travels of a T-shirt in the Global Economy" is an unlikely sounding text on International Economics, but that's what it is, and more. Its about international trade, politics, history and even travel, weaved around the theme of the economics involved in the global textile and apparel trade over three hundred years!

In developing the narrative, the author, Dr Pietra Rivoli of the Georgetown University's McDonough School of Business, first traces the beginnings and development of the cotton industry in the US and England. In particular, she englightens us on the reasons for the longevity of the cotton industry in the US and how, even today, the industry that grew from this basic commodity - apparel and textile - still has a strong, albeit wanning, presence in the US. In weaving together a masterful account of the history, politics and economics related to this essential industry, Dr Rivoli has managed to entertain with wry observations and personal anecdotes garnered from her travels to research and write this book.

My favourite part of the book is where she describes how technology, research and development has extended the dominance of the cotton industry in the US through 200 years. Now, one would expect that a country or any organisation would lose its competitive advantage in a product, service or skill after two or at most, three generations, but for 200 years? Amazing!

Written in non-intimidating language with little trade jargon, its an easy read. Yet its full of insight spanning a whole gamut of topics and disciplines. I thoroughly enjoyed this book.

You have to read it too.

Its available at Amazon.com for about US$19. The price will vary depending on whether you are getting first-hand or not. But then again, this book is quite recent.

1 comment:

Anonymous said...

Open IM ? Me too says Skype
Is, allowing web site developers to incorporate presence data, and 3rd party to develop their own Skype client.
Nice to see some decent content for a change. FYI, I log on today and see that we've got a new feature, the 'Flag blog' button, which is inconveniently located between the 'Get Your Own Blog' and 'Next Blog' buttons so that we would presumably be getting some flags on error alone (although if one happens to notice it, you can unflag a blog) But that's a trivial matter. What concerns me is this: When a person visiting a blog clicks the "Flag?" button in the Blogger Navbar, it means they believe the content of the blog may be potentially offensive or illegal. We track the number of times a blog has been flagged as objectionable and use this information to determine what action is needed. This feature allows the blogging community as a whole to identify content they deem objectionable. Ok, see the problem with this? What's "objectionable. And there lies the problem: what is objectionable? Just my 2 cents, Contact Lens