Introduction: Volume five: contribution and key findings

Wilson, John F., Toms, Steven and Wong, Nicholas (2021) Introduction: Volume five: contribution and key findings. In: The Cotton and Textile Industry: Managing Decline. Routledge Focus on Industrial History . Taylor & Francis, London, pp. 1-4. ISBN 9780367715885, 9781000353402

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This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book examines strategic responses to the loss of markets and industrial decline during the twentieth century. It aims to investigate the investment decisions of entrepreneurs in the maturity and decline phase of the industry. The book shows that the speculations of 1919 created financial barriers to restructuring once vertically integrated ring spinning and automatic weaving in the same plant became a feasible choice. By the time the productivity revolution of the 1990s created the possibility of integrated advanced textile manufacturing at critical mass, government representatives could no longer see beyond the chimera of cheap labour competition. Without the endogenous shock of financial speculation and the ensuing paralysis afflicting the cotton industry, wool firms were in a much better position to invest in marketing.

Item Type: Book Section
Subjects: N100 Business studies
N300 Finance
N900 Others in Business and Administrative studies
Department: Faculties > Business and Law > Newcastle Business School
Depositing User: Elena Carlaw
Date Deposited: 28 Feb 2023 09:31
Last Modified: 28 Feb 2023 09:45

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