China wage increase could create 1.2 million jobs
29/04/2016
This shift is expected to benefit women in particular as they make up a much larger share of the workforce in apparel manufacturing than in other industries. The report says that a 1% increase in wages in the Chinese textiles and apparel industry could raise the probability of women entering the labour force by 18.9%.
Bangladesh, India, Pakistan and Sri Lanka – the top four apparel producers in South Asia - currently account for 12% of global apparel exports and have made significant investments in the sector.
“South Asia has taken many steps in recent years to support the textile and apparel sector, but it now needs to step up its game by tackling inefficiencies that are undercutting its competitiveness,” said Gladys C. Lopez-Acevedo, a lead economist for the World Bank and one of the authors of the report.
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