Why Limiting Textile Imports Would Hurt Americans
Publication Date: September 1985
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): Edward L. Hudgins
Keywords: Trade and foreign aid
History shows that the manufacture of textiles is highly suited to emergent economies undergoing rapid industrialization with low labor costs. If the U.S. is to retain a large textile industry, it thus must encourage technical innovation to boost American productivity. Import controls will only slow down this necessary process, while damaging the economies of countries that are essential markets for U.S. exports.