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Rising Labor Cost and the Comparative Advantage of Chinese Textile Industry Analysis

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Abstract:

The textile industry is a typical labor-intensive industry, which is also one of the most comparative advantage industries of China. However, with rising labor cost in recent years, the comparative advantage of Chinese textile industry is facing challenges. Based on the theory of comparative advantage analysis, this article analyzes of the comparative advantages of Chinese textile industry based on the background of rising labor cost while propose that Chinese textile industry shall transfer the Comparative Advantage to Competitive Advantage.

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Periodical:

Advanced Materials Research (Volume 331)

Pages:

694-698

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.331.694

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Online since:

September 2011

Authors:

Jin Wang

Keywords:

Comparative Advantage, Competitive Advantage, Labor Cost, Textile Industry

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© 2011 Trans Tech Publications Ltd. All Rights Reserved

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