The Travels of a T–Shirt in the Global Economy. An Economist Examines the Markets, Power, and Politics of World Trade. New Preface and Epilogue with Updates on Economic Issues and Main Characters. 2nd Edition

  • ID: 2827317
  • Book
  • Region: Global
  • 368 Pages
  • John Wiley and Sons Ltd
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PRAISE FOR THE TRAVELS OF A T–SHIRT IN THE GLOBAL ECONOMY

"Engrossing [Rivoli] goes wherever the T–shirt goes and there are surprises around every corner....full of memorable characters and vivid scenes."
Time

"An engaging and illuminating saga Rivoli follows her T–shirt along its route, but that is like saying that Melville follows his whale Her nuanced and fair–minded approach is all the more powerful for eschewing the pretense of ideological absolutism, and her telescopic look through a single industry has all the makings of an economics classic."
The New York Times

"Rarely is a business book so well written that one would gladly stay up all night to finish it. Rivoli′s The Travels of a T–Shirt in the Global Economy is just such a page–turner."
CIO magazine

"Succeeds admirably T–shirts may not have changed the world, but their story is a useful account of how free trade and protectionism certainly have."
Financial Times

"A readable and evenhanded treatment of the complexities of world trade As Rivoli repeatedly makes clear, there is absolutely nothing free about free trade except the slogan."
San Francisco Chronicle

"A fascinating exploration of the history, economics, and politics of world trade The Travels of a T–Shirt in the Global Economy is a thought–provoking yarn that exhibits the ugly, the bad, and the good of globalization, and points to the unintended positive consequences of the clash between proponents and opponents of free trade."
Fort Worth Star–Telegram

This second edition includes a revised preface and new epilogue with updates through 2014 on the people, industries, and policies related to the t–shirt′s life story.

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PREFACE ix

PROLOGUE xvii

PART I KING COTTON 1

1 How America Has Dominated the Global Cotton Industry for 200 Years 3

2 The History of American Cotton 9

3 Back at the Reinsch Farm 24

4 All God s Dangers Ain t the Subsidies 49

PART II MADE IN CHINA 75

5 Cotton Comes to China 77

6 The Long Race to the Bottom 92

7 Sisters in Time 105

8 The Unwitting Conspiracy 120

PART III TROUBLE AT THE BORDER 141

9 Returning to America 143

10 Dogs Snarling Together 156

11 Perverse Effects and Unintended Consequences of T–Shirt Trade Policy 171

12 45 Years of Temporary Protectionism End in 2009–––––Now What? 196

PART IV MY T–SHIRT FINALLY ENCOUNTERS A FREE MARKET 213

13 Where T–Shirts Go after the Salvation Army Bin 215

14 How Small Entrepreneurs Clothe East Africa with Old American T–Shirts 227

15 Mitumba: Friend or Foe to Africa? 239

CONCLUSION 253

EPILOGUE: DEVELOPMENTS 2009–––2014 262

I: American Cotton Is Still King 262

II: The Race to the Bottom Speeds Up 270

III: The Alphabet Armies March On 277

IV: Competition Heats Up in the Used Clothing Business 282

ACKNOWLEDGMENTS 286

NOTES 288

BIBLIOGRAPHY 310

INDEX 335

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Pietra Rivoli
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