Main Ideas Pietra Rivoli‚ author of The Travelers of a T-Shirt in the Global Economy‚ refers to Friedman’s The Lexus and the Olive Tree‚ how he describes‚ “The gazelles win by running faster and smarter than the competition‚ but the lions win by catching and eating their prey”(52). Rivoli uses this theory to American cotton farmers‚ who are both the gazelles and the lions. She talks of them as gazelles because they squeeze income out of every step in their production chain‚ while feeding cattle
Premium The Animals Don't Let Me Be Misunderstood Human
What Would Happen if the New T-shirt Market Operated as a Free Market? The producers in the new T-shirt value chain do not operate in a free market system. Government protectionist measures such as subsidies‚ quotas‚ and tariffs have limited economic success to a fortunate few. According to the author Pietra Rivoli‚ “the winners at various stages of my T-shirt’s life are adept not so much at competing in markets but at avoiding them.” These winners include the U.S. cotton farmer and the China
Premium Developed country Mixed economy Tariff
Travels of a t-shirt in a global economy In her book‚ The Travels of a T-shirt in the Global Economy‚ Pietra Rivoli takes on the intricacies and complexities of trade and globalization through following the path of a T-Shirt she purchased from Walgreens for $5.99. It is a very informative book and her writing is such that the reader is left feeling both well informed on the issues discussed‚ as well as entertained. Rivoli breaks up the book into 4 sections. In Part I‚ “King Cotton‚” we are brought
Premium Factory Industrial Revolution International trade
protest at Georgetown University‚ where the author Pietra Rivoli‚ is a professor of finance and international business. University students take turns speaking at the microphone explaining how the Big Corporations‚ Globalization‚ The World Trade Organization (WTO) and the international Monetary Fund (IMF) are exploiting workers all around the world. One female speaker especially caught the attention of Rivoli by exclaiming‚ “Who made your T-Shirt”. This instance sparked Rivoli’s intrigue‚ she began
Premium Cotton World Trade Organization Industrial Revolution
T-shirt Travels The film ‘T-shirt Travels’ takes us to the Sub-Saharan African nation of Zambia‚ a country who in the 1960’s was know for having a thriving‚ domestic textile industry. As of late‚ with the countries immense amount of debt and the constant nagging of their creditors‚ such as the IMF‚ Zambia’s local economy has deteriorated and the textile industry has vanished. However‚ there is another issue present that has also contributed to the decline of Zambia’s economy: the second-hand
Premium Management Marketing Health care
Travels of a T-Shirt Prologue 1. Describe Sherry Manufacturing Company-give a description. • Sherry Manufacturing is a T-shirt screen printing business in Florida. 2. From whom does Gary buy his t-shirts? • They import their t-shirts from China. 3. Who is Patrick Xu? • Patrick is a cotton t-shirt producer that exports t-shirts to Sherry Manufacturing. Chapter 1 1. How big is the Reinsch farm? How many t-shirts can be produced
Premium Management United States Health care
Question 1: Write a summary of this book Often‚ when we think of a t-shirt‚ not much consideration goes past throwing it on and walking out the door. We discover in The Travels of a T-Shirt in the Global Economy‚ author Pietra Rivoli conveys the story of a t-shirt she purchased in Florida for just $5.99. Beginning with core element of the t-shirt‚ she describes the cotton boom in the United States and why we have reigned supreme as the leading cotton producer. She even meets with a Texan farmer
Premium International trade Free trade Tariff
The Travels of a T-shirt in the Global Economy The book‚ “The Travels of a T-shirt in the Global Economy” has divided into four parts. In Part I‚ “King Cotton‚” Pietra Rivoli focused on Porter’s Diamond theory’s first step which is firm strategy‚ structure‚ and rivalry. She talked about how cotton has developed in America and how the USA took over the market and dominated the competition. She also explained how slavery has impacted on cotton development. In Part III‚ “Trouble At The Border‚” Pietra
Premium Cotton Developed country United States
Travels of a t-shirt in the global economy In the United States‚ consumers are constantly purchasing items from foreign countries without acknowledging where‚ how‚ and when it is produced. In my reading‚ the book “Travels of a t-shirt in the global economy: An economist examines the markets‚ power and politics of world trade” author Pietra Rivoli explains many difficulties in the production of her t-shirt. The production has conflicts such as the global tensions from states‚ markets and social actors
Premium United States China Economics
“The Travels of a T-Shirt in a Global Economy” projected not only value chain of T-Shirt but also explain us through U.S. textile industry and how globalization and free trade work. Projecting integration of product and resource across international markets‚ fundamental and important of globalization has been indicated. Tracing T-shirt value chain starting at Texas where raw material was grown‚ explains how the U.S cotton industry has been able to dominate the world’s production for a very long
Premium Globalization Cotton International trade