Garment Accounts For 90 Percent of Haiti's Export
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Industrial Revolution II (IIRII) is a different kind of garment factory in Haiti which invests 50% of profits into workers and the local community. These expenditures are not mere charitable donations; rather they are durable investments through training, healthcare, education and infrastructure, necessary to improve the social conditions and promoting economic development in the region.
A recent study by the British think tank, Overseas Development Institute, based on the WTO statistics, has shown that world's top ten less developed countries have a high dependence on clothing exports. As per 2006 statistics, Haiti leads the list with 85.2% share of textile in total merchandise exports, followed by Bangladesh (76.6%), Cambodia (70.4%) and Lesotho (64.1%). The textiles and clothing industry in developing countries, mostly involves around the jobs of garment assemblers. Historically, in the developed countries, the process of industrialization and subsequent prosperity were found to be interlinked; which had been commenced mostly with the mechanization of textile production and this fact is clearly evident since the early 19th Century.
Read more: business, Garment Industry, Textile, Business & Finance
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