Question

Can I have a summary one page of this article?

globalization and trade in textile industry

by MV Viswaprakash From international journals of marketing and technology.

Thank you

Answer 1

Before World War II, advanced industrial countries in Western Europe and the US
dominated the world economy and controlled most of the industrial production. The lessdeveloped countries tended to concentrate in the production and supply of raw materials. Starting
from the late 1940s, major T&C industrial production has shifted out from developed countries
and moved to Japan. Since then, Japan was the leader in industrialization and economic
development in the Asian region. In 1970s, the high cost of production and labor shortages had
compelled Japanese T&C firms to invest their production in other Asian nations.