This industry has seen a major change over the last three decades in terms of its production bases. Until the 1980s, the production of textiles and clothing was concentrated in the United States and the European Union, but over time the production of these products has shifted dramatically to Asian countries. This step change is the result of the benefits of low-cost manufacturing in developing countries. Clothing manufacturing was becoming unprofitable for manufacturers in the United States and Europe due to rising production costs. Therefore, Asian countries with cheap labor and abundant natural resources and attractive economic policies were the most preferred destinations for manufacturing. China has made the most of this change. After the liberalization of Chinese industrial policy in the 1980s, the country experienced a massive boom in industrialization and, as a result, China became an attraction for manufacturers around the world. Say no to plagiarism. Get a Custom Essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay China eventually became during this period the largest manufacturing base for the clothing and textile industry in China during this period. world and has remained the world's largest textile exporter maintaining a dominant market share of around % since the 2000s. Other Asian countries, such as India, Pakistan, Vietnam, Cambodia, Bangladesh and Thailand, also saw a trend towards clothing manufacturing during this period. As shown in the image above, the US and EU have become the main consumption regions compared to the past. Global production shifted from the west to Asian countries and became dominant in clothing and textile manufacturing. As mentioned above, the main reason for the growth of Chinese industry was due to the presence of cheaper labor. But this trend is changing dramatically and over the last decade, the cost of labor has grown exponentially. Wage rates have increased by double digits and are expected to rise even more, making it difficult for the garment industry to meet the needs of emerging markets and leading to slower growth in the manufacturing sector. This reduction in growth will lead to the generation of a gap of US$ billion. approximately, which will provide or serve as an opportunity for competing nations to improve their share in world trade. Emerging manufacturing countries, such as Bangladesh, Kenya, Vietnam, etc., can take advantage of this opportunity of slowing Chinese growth. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay As these countries not only have an advantage in There, they enjoy manufacturing competitiveness in terms of low wages and resource costs, and also enjoy access to trade policies with major markets of United States and the European Union, which gives them an additional advantage. Comparing all nations, India is the largest and has more resources, which allows it to benefit due to lower salary costs as well as improved infrastructure. Moreover, the current scenario is that most large consumers resort to “China plus one” sourcing. In this type of country they have agreements with other countries other than the.