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Introduction
During the last two decades, textiles and clothing were the second most dynamic products in world trade after electronic and electrical goods. Developing countries contributed significantly to this growth, and this sector continues to play a vital role in their economies on account of inherent and evolving comparative advantage. It is one sector that offers good prospects for diversification away from traditional commodity exports, for entry into the area of manufactures, for absorption of large pools of labor, for crossing the great divide between the rural and urban sectors, and for generating foreign exchange...
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Common topics in this essay:
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- A Case for Trade Liberalization in Developing Countries
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