What happens to the industry with millions of workers who are losing their comparative advantage? This note examines this question by looking at the global textile and apparel industry. With the Multi-Fiber Arrangement come up for renewal in December 1981, the United States, Europe and the developing countries have to decide how to divide the international textile market in 1980. The dispute centered on who will win and who will lose from protectionism, as well as the advantages and disadvantages of free trade. "Hide
by David B. Yoffie, Jane Austen K. 16 pages. Publication Date: April 25, 1983. Prod. #: 383164-PDF-ENG
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