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A nation's textile industry can tell us much about its economic history. Textiles usually stand at the forefront of early industrial efforts, with labour intensive production of commodity goods for the local market. Mills provide jobs, serve local demand for clothing and other textile products, and offer a productive investment outlet for local capital, bringing multiple benefits to state and society in the process of industrialisation.1 The textile industry has frequently been central to industrial development both in industrialized and in developing countries. With its labour intensive character and its relatively simple production techniques this industry can easily tap into the craft skills readily available in developing countries. The textile industry is a spearhead of industrial development, both in strategies of import substitution and export oriented industrialization. This paper reviews forces underlying the lingering comparative advantage. And then I am going to talk about the domestic adjustment process in the industry,...

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