Th e ste el industry is one of man y major wo rl d industries exte nsively
restructured in th is era of globalizatio n. The Global Restructuring of the
Steel Indu stry explains how and why th e steel ind ustry has shifted from
advanced ca pita list countries to late ind ustria lizing countries.
Drawing upon case studies of th e steel industr y in th e US, Japan, South
Korea, Brazil and India, Anthony P.D'Costa examines the relationship between
industri al cha nge and institutional responses to techn ological diffusion....
industrialisation strategies adopted and economic policies followed have shown
great differences before and after 1980. An import substitution policy had been
implemented until 1980. However, after 1980, significant progress has been made
towards establishing the principles and fundamentals of a market economy through
the introduction of export-oriented industrialisation.
These reforms made significant contribution to the dynamism of the private sector
and improved the adaptability of Turkish economy to internal and external impacts.
The liberalization of U.S. trade policy towards Vietnam raised concerns about possible dumping by Vietnamese clothing exporters. Some members of Congress and U.S. clothing and textiles companies argued that a surge in Vietnamese imports may harm the U.S. clothing and textile industry.