The ultimate impact of the economic crisis is likely to extend well beyond specific industries, such as apparel. It challenges the broader viability of export-oriented industrialization as a growth model for developing economies. The economic recession will probably push even the successful apparel-exporting countries, such as China and India, toward more emphasis on domestic markets, and less reliance on export-oriented development per se. This is not only because export demand has slackened, but also because the upgrading opportunities of domestic and regional markets are likely to be greater for suppliers in developing countries. While these issues are beyond the scope of any specific industry analysis, they highlight the importance of rethinking national models of development in light of what we have learned about global value chains and the crisis.

# **7. References**

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- Adhikari, R., & Weeratunge, C. (2007). Textiles and clothing in South Asia: current status and future potential. _South Asia Economic Journal, 8_ (2), 171-203.

- Adhikari, R., & Yamamoto, Y. (2007). _The textile and clothing industry: adjusting to the postquota world_ . Industrial Development for the 21st Century Series. New York, NY: United Nations Development Program (UNDP).

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- Bair, J., & Gereffi, G. (2001). Local clusters in global chains: the causes and consequences of export dynamism in Torreon's blue jeans industry _. World Development, 29_ (11), 1885.

- Barrie, L., & Ayling, J. (2009). _Apparel industry outlook for 200_ 9. January/February Management Briefing. Bromsgrove, UK: Aroq Limited.

- Birnbaum, D. (2009, August 21). Sourcing: marginal suppliers need a radical re-think _. JustStyle.Com._

- Clothesource. (2008). _The great apparel sourcing issues of 2008--and how to deal with them._ March Management Briefing. Worcestershire, UK: Aroq Limited.

- _The clothing industry and the economic crisis-a just-style revie_ w (2009).  September Management Briefing. Bromsgrove, UK: Aroq Limited.

- Datamonitor. (2009). _Global apparel retail_ . New York, NY: Datamonitor.

- Driscoll, M., & Wang, P. (2009). _Apparel & footwear: retailers & brands_ . New York, NY: Standard & Poor's (S&P).

- Euromonitor. (2009). _Clothing-US_ : _Country Sector Briefing._ Euromonitor International.

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