Abstract
Abstract Although much of this book has focused on the U.S. apparel and textile industries, it is impossible to provide a complete picture of the current transformation they are undergoing without discussing global trade patterns. Indeed, the volume of all goods and services traded in all industries across borders has grown enormously in recent years, accounting for about 45 percent of world gross domestic product in 1990 compared with only 25 percent in 1970. As for the growth of trade in the American economy, in 1960 all international tradeexports plus imports-was equivalent to only 9 percent of gross domestic product. That figure has jumped to a healthy 25 percent, even though trade remains a much smaller component of the U.S. economy than in most countries.
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