Campus Units
Apparel, Events and Hospitality Management
Document Type
Article
Publication Version
Published Version
Publication Date
6-2016
Journal or Book Title
Fashion, Industry and Education
Volume
14
Issue
2
First Page
1
Last Page
9
DOI
10.7741/fie.2016.14.1.001
Abstract
This study examined the comparative advantage of manmade textile (MMT) industries in the United States (US) and South Korea (SK). The Revealed Comparative Advantage (RCA) framework was used to assess the MMT industries’ performance in both countries from 2004 to 2013. With the recent ratification of the United States-South Korea Free Trade Agreement (KORUS FTA), it is important to understand the current state of these industries. Using UN Comtrade export data, the RCA index values were calculated and analyzed for 27 MMT commodities, three aggregate groups, and the whole industry. It was found that SK had a consistent comparative advantage for the whole industry. Furthermore, SK had a larger number of products with a comparative advantage. The research findings indicate that the MMT industry in SK is likely to outperform the US following the complete ratification of the KORUS FTA.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Copyright Owner
The Costume Culture Association
Copyright Date
2016
Language
en
File Format
application/pdf
Recommended Citation
Shin, Eonyou; Keenan, Caitlyn; and Karpova, Elena E., "Comparative Advantage of the United States and South Korean Manmade Textile Industries" (2016). Apparel, Events and Hospitality Management Publications. 114.
https://lib.dr.iastate.edu/aeshm_pubs/114
Included in
Asian American Studies Commons, Fashion Business Commons, Fashion Design Commons, Fiber, Textile, and Weaving Arts Commons, Other Languages, Societies, and Cultures Commons
Comments
This article is published as Shin, E., Keenan, C., & Karpova, E. Comparative advantage of the U.S. and South Korean manmade fiber-based textile industries. Fashion, Industry and Education, 14(1), 1-9. DOI: 10.7741/fie.2016.14.1.001