the MFA (Multi Fiber Agreement) from the foreign competition on several occasions. The American textiles industry has also attempted to address its problems through internal initiatives. There are many within the American textiles industry, within government, and within the investment communities, however, who believe that the internal initiative cannot succeed in the long-run without some assistance from government.
The United States government generally is deeply committed to the concept of international trade (Bangsberg, 1994a, p. 3A). The United States government considers it essential to increase exports, as opposed to reducing imports, as a means of balancing the international trade account. With respect to apparel and textiles, the Reagan Administration was adamant in its opposition to any additional legislative relief for the industry. The Reagan Administration claimed that the protection provided by the MFA is all that is justified for the industry. The Reagan Adminis
...