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Dimensions of Textile, Clothing and Footwear Production in the High Wage Cost Country of Australia in a Globalised Environment: Some Interesting Revelations

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  • Andrew Marks

Abstract

This paper seeks to assess the performance of the labour intensive and high wage cost textile, clothing and footwear (TCF) industry in Australia in a globalised environment. The results indicate the Australian TCF industry has become a leaner and more specialised export focused industry by restructuring production from the low to high value added products which exhibit a comparative advantage on the international market. A particularly interesting dimension has been the greater use of high tech production techniques such as bolstering net investment expenditure which has increased the capital intensity of production, undertaking elevated levels of R&D expenditure and using a more skilled labour force which have combined to made it possible to use computer controlled technology and microelectronics to facilitate the production of the higher value added TCF products. This has also combated costs of production and improved the quality of these products thereby reinforcing export competitiveness. The sharper export focus importantly, has provided a platform for sustainable output and employment growth, albeit on a smaller scale. However, this has been associated with large output and hence employment losses.

Suggested Citation

  • Andrew Marks, 2015. "Dimensions of Textile, Clothing and Footwear Production in the High Wage Cost Country of Australia in a Globalised Environment: Some Interesting Revelations," Research in World Economy, Research in World Economy, Sciedu Press, vol. 6(2), pages 72-84, June.
    • Handle: RePEc:jfr:rwe111:v:6:y:2015:i:2:p:72-84
    DOI: 10.5430/rwe.v6n2p72
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    References listed on IDEAS

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    1. Andrew Marks, 2013. "The Globalization of the Australian Textile, Clothing, Footwear and Motor Vehicle Industries: Results in Line with Other Western Market Economies," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 13(1), pages 129-150, April.
    2. Andrew Marks, 2009. "The globalisation of the Australian passenger motor vehicle industry: lessons for other countries," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 11(2), pages 116-140.
    3. Peter Forsyth, 2000. "Microeconomic Policies and Structural Change," RBA Annual Conference Volume (Discontinued), in: David Gruen & Sona Shrestha (ed.),The Australian Economy in the 1990s, Reserve Bank of Australia.
    4. Kankesu Jayanthakumaran, 2001. "Trade Policy Reform And Textile Clothing And Footwear Industries: Australia 1992/93–1996/97," Economic Papers, The Economic Society of Australia, vol. 20(2), pages 1-12, June.
    5. W. Max Corden, 1996. "Protection and Liberalisation in Australia and Abroad," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 29(2), pages 141-154, April.
    6. Andrew Marks, 2009. "Intra‐Industry Trade and Adjustment Costs in the Australian Textile, Clothing and Footwear and Motor Vehicle Industries: A Comparative Case Study Approach," Economic Papers, The Economic Society of Australia, vol. 28(4), pages 323-336, December.
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