Sunday, April 24, 2005

Textile Trade Wars

China goes for broke, which is bad for South Carolina, but even worse for Lesotho:
South Africa itself has lost more than 30,000 textiles jobs. In Swaziland and Namibia, an estimated three in every four jobs will be lost by the end of June. In Lesotho, where unemployment has reached 40 per cent, the textile job losses are simply unaffordable in a country where textiles account for 90 per cent of all export earnings, Mr Mohaleroe says.

No comments:

Post a Comment