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Restructuring, regrouping and adjusting: Canadian manufacturing in an era of free trade and globalization
Author(s) -
Weiermair Klaus,
Supapol Atipol Bhanich
Publication year - 1993
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.4090140407
Subject(s) - restructuring , globalization , clothing , industrial organization , business , textile , international trade , economic system , economics , market economy , political science , archaeology , finance , law , history
This paper examines the international competitiveness of the Canadian Textile and Clothing (TC) sector and its adjustment problems within a global economy. It focuses on the TC firms' capabilities to prepare for changes and implement strategies in an increasingly turbulent market environment. It highlights the importance of organizational response mechanisms and the development/utilization of industry‐specific technology and management know‐how. The paper argues for a future Canadian industrial policy that emphasizes the achievement of dynamic as well as static efficiency.