The Globalization of Trade and Production: A Case Study of Hong Kong’s Textile and Clothing Industries

Leonard K. CHENG, William K. FUNG

Research output: Book Chapters | Papers in Conference ProceedingsBook ChapterResearchpeer-review

Abstract

Production in the world economy has become increasingly globalized. Producers scan the globe to select the distribution of production processes that result in the lowest total production and transportation costs. Significant advances in production, communication, and transportation technologies on the one hand and multilateral liberalization of international trade and investment policies on the other have led to shifts in the world’s comparative advantages and consequently in the geographical distribution of production activities.
Original languageEnglish
Title of host publicationGlobal Production and Trade in East Asia
EditorsLeonard K. CHENG, Henryk KIERZKOWSKI
Place of PublicationUnited States
PublisherSpringer US
Chapter11
Pages227-243
Number of pages17
ISBN (Electronic)9781461516255
ISBN (Print)9781461356479
DOIs
Publication statusPublished - 2001
Externally publishedYes

Bibliographical note

The authors are grateful to conference participants for their comments and to Zhou Hailan and Tse Tim for research assistance.

Keywords

  • Foreign Direct Investment
  • Comparative Advantage
  • Pearl River Delta
  • Global Production
  • Clothing Industry

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