The Forces Shaping World Cotton Consumption After the Multifiber Arrangement

Stephen MacDonald and Thomas Vollrath

No 409028, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: The phaseout of the Multifiber Arrangement (MFA) and other forces are reshaping world textile and cotton markets. The elimination of the MFA is helping reduce clothing prices in the United States and the EU and effecting a shift in industrial demand for cotton to China, India, and Pakistan. At the same time, world cotton consumption has accelerated along with economic growth since 1999, especially in developing Asia, where an emerging consumer society is driving increases in household consumption of clothing and other cotton products. In the long run, income growth and technical change have more of an effect on world cotton consumption than the elimination of the MFA.

Keywords: Crop Production/Industries; Demand and Price Analysis; International Development; International Relations/Trade; Labor and Human Capital; Marketing (search for similar items in EconPapers)
Pages: 30
Date: 2005-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:409028

DOI: 10.22004/ag.econ.409028

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