Description: NPR’s Planet Money team is making a T-shirt and following the shirt around the world as it gets manufactured — from the farms where the cotton is grown to the factories where the shirts are sewn together. NPR presents the entire series of stories about the fascinating world behind that T-shirt at http://www.npr.org/series/248799434/planet-moneys-t-shirt-project . In the segment on Columbia, NPR reports that Colombia’s economy has been growing, and wages have been rising. That’s good for the country as a whole, but it may wind up driving away the T-shirt industry.
Date: Dec 06, 2013
Questions for Discussions:
- The link above presents the story of how T-shirt manufacturing for Jockey brand is becoming uncompetitive. Summarize the reasons for the loss in competitiveness.
- What are the options available to manufacturers in Columbia?
- Is the Columbian experience any different than that of American clothing manufacturers?