Looking Back to Look Forward: Setting Future Research Agenda for International Business in Textiles and Clothing Industry. Issue 1 (31st March 2019)

• Record Type: Journal Article
• Authors: Chu, Wai Ching Alice; Chan, Man Hin Eve; Cheung, Jenny; Nguyen, Hong-Oanh
• Is Part Of: Journal of international logistics and trade. Volume 17:Issue 1(2019)
• Page Start: 21
• Page End: 32
• Publication Date: 2019-03-31
• Subjects: Trade gravity -- Bilateral trade -- Textiles and clothing -- Trade facilitation; International trade -- Periodicals; Business logistics -- Periodicals; Commerce international -- Périodiques; Logistique (Organisation) -- Périodiques; Business logistics; International trade; Periodicals; 382.05
• DOI: 10.24006/jilt.2019.17.1.003
• Languages: English
• ISSNs: 1738-2122

Abstract

Abstract : Since its development by Tinbergen (1962), the gravity model of international trade has widely been applied to analyse the effect of various factors on trade relationships between countries. Past studies on trade gravity vary not only in the mix of model variables but also in how they have come into the analysis. This study reviews existing literature on bilateral trade with an aim to identify influential predictors such as changes of trade policy and national development strategy and highlight important yet understudied factors such as transport and logistics infrastructure, and sustainable development. To demonstrate the needs to examine these critical factors across industry sectors, the study presents the case of textiles and clothing (T&C) production and trade between China and its trading partners as an illustration. Through the literature review, it shows how the gravity model can be applied to address current issues in international trade arena such as the potential trade war between the US and China, China's Belt and Road Initiative (BRI), and other important factors shaping global T&C trade. This study offers future research directions for analysis of global trade in the T&C industry and contributes to the wider literature of international business and trade.