Not Made in China: Garment Manufacturing Part II
As labor costs in the "world's factory" continue to rise dramatically, global fashion brands are looking elsewhere to source apparel. In addition to established hubs like Bangladesh and Vietnam, the garment game is ripe for new players: Myanmar (Burma), Haiti and Ethiopia, among others, are looking to rejuvenate a once-thriving trade or even build one entirely from scratch.
China will shed approximately 85 million manufacturing jobs in the coming years, which, some development experts say, could be a golden opportunity for economic development à la South Korea.
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