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- W2052236058 abstract "A combination of chronological compression and coordination of serial production has distinguished global adjustment in Korean textiles. Compression denotes the rapid progression from origins to maturity and then decline in what has become one of the world’s leading textile manufacturing and exporting nations. One consequence of rapid development has been inconsistencies in the formation of independent industry institutions necessary for adjustment, such as industry associations.Coordination denotes matching supply and demand along a long domestic line of production for export. This line stretches from upstream synthetics and spinners, all the way down to fashion and garments. Three distinct patterns of coordination have dominated the Korean production line. 1) Intra-firm coordination within textile chaebol such as Kabool, Kolon, or Tongkook demand extensive investments upstream and downstream, but permit economies of scale and scope, and facilitate planning and quality control. 2) Inter-firm coordination by the Korean Federation of Textile Industries [KOFOTI] mobilizes state and industry support for extending and refocusing the production line, but remains hampered by excessive competition within the industry, and by conflicting demands between smaller and larger producers. 3) Industry-level supervision of the production line through state control of quotas, trade relations, prices, labor, and on raw material imports, as well as through macrolevel state controls in finance and trade.This paper focuses on the role of associations in global adjustment. Three levels of co-ordination were critical in addressing the market imperfections of a fast-growing industry, particularly in finance and in balancing production for domestic and foreign markets until recently. I conclude that without a greater role for industry associations in the face of state withdrawal from industry-level coordination, contention rather than productive competition will hamper adjustment along South Korea’s long production line." @default.
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- W2052236058 date "1999-03-01" @default.
- W2052236058 modified "2023-09-28" @default.
- W2052236058 title "Global Adjustment in Korean Textiles" @default.
- W2052236058 doi "https://doi.org/10.1111/1467-8691.00118" @default.
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