chapter  II
57 Pages

The British Cotton Industry and International Competitive Advantage: The State of the Debates

The case of the cotton industry has figured prominently in recent debates over Britain's loss of industrial leadership in the twentieth century . 1 As participants in these debates , our purposes here are to clarify our own arguments concerning the sources of British dominance and decline in international competition for cotton textile markets , and to consider how other perspectives on the determinants of economic performance in this industry differ from ours . In doing so , we want to show the importance of dynamic theories of competitive advantage and economic development for analysing the process of economic change .