ABSTRACT
In every country, where industrialization is a basic part of economic planning, the establishment of textile and related industries—e.g., apparel manufacture—is likely to be given high priority. The start-up of a textile manufacturing enterprise requires the same kind of careful economic and technical feasibility analysis, prior to the commitment of capital, as does any other industry. The development of a textile industry worth having depends upon making the best estimates possible of the cost of incentives and the value to be placed on benefits. The cost of tariff protection lies in the higher price paid by the ultimate consumer than would be true if no tariff were imposed on the competitive import. Textile manufacturing is sufficiently labor-intensive that the benefits to the economy of the resultant employment and training are important considerations to both planners and politicians.
