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Apparel industry in East Asian newly industrialized countries

56 citations0/0 files storedJournal of Fashion Marketing and Management

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Global Trade and Competitiveness Global trade, sustainability, and social impact Software Engineering and Design Patterns

Abstract

The East Asian newly industrialized countries (from now on, Asian NIC) of Hong Kong, South Korea, and Taiwan have experienced decreasing export competitiveness due to rise of labor costs. While cheap labor has been the main source of competitiveness of Asian NIC, it cannot be a viable factor for Asian NIC any more. As the industry sector develops, its competitive advantage factors should be changed accordingly. This study is a preliminary attempt to illustrate how apparel industries in Asian NIC can obtain competitive advantage in the global economy and to suggest their future direction and challenges. By synthesizing industry‐specific and Asian NIC‐specific advantages, this study presents three critical factors for Asian NIC: global brand, global sourcing, and agility. Future directions and challenges for the industries are suggested.

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References

1991The Competitive Advantage of Nations 1990The Competitive Advantage of Nations 1966International Investment and International Trade in the Product Cycle 1999International trade and industrial upgrading in the apparel commodity chain 2018The Organization of Buyer-Driven Global Commodity Chains: How US Retailers Shape Overseas Production Networks 1981The New International Division of Labour 1998A generalized double diamond approach to the global competitiveness of Korea and Singapore 1999A Stitch in Time: Lean Retailing and the Transformation of Manufacturing—Lessons from the Apparel and Textile Industries

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