Printer Friendly

Threadbare.

The number of assembly plants in Mexico, known as maquiladoras, has been declining since 2001. Those hit the hardest produce clothing, footwear and other textile products. Due to extensive labor competition from China, from 2001 through the end of 2003 roughly 450 of these establishments either left Mexico to set up shop in the Asian giant or shut down altogether. These garment makers thrive there, where wages can be up to four times lower than in Mexico.

However, higher-end clothing products are more sensitive to seasonal fashion trends. Mexico's proximity to the United States allows it to get such garments to empty store shelves more quickly than China.

Such proximity, analysts say, gives Mexico--and other "nearshore" producers--an advantage over Asia.

"In the years to come, we will see renewed and sustained growth but the growth rates won't be in double digits like they were in the 1990s or even in the 1980s," says John Christman, a textiles analyst at consultancy Global Insight in Mexico City.

[GRAPHIC OMITTED]
COPYRIGHT 2004 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Indicators
Author:Pareja, Roberto
Publication:Latin Trade
Article Type:Brief Article
Geographic Code:1MEX
Date:Oct 1, 2004
Words:167
Previous Article:Trinidad and Tobago: full speed ahead.
Next Article:Privatizations.
Topics:


Related Articles
Indicators.
Adult Disposable Briefs. (Product Focus: Incontinence).
From Dr. Janice Campbell. (Letters to the Editor).
Adult Disposable Briefs. (Product Watch).
Information for authors.
Even in Canada: a high-profile government sting that targeted 24 South Asian men has set off national controversy and a vibrant, immigrant-led...
Gay lit.
Threadbare.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters