The following results are preliminary findings from the Cooperative Congressional Election Study (CCES) 2016 survey. The survey was administrated by YouGov/Polimetrix and conducted from September to October 2016.
Thanks to the University of Delaware Office of the Provost, Social Science Data Analytics Initiative, and Center for Political Communication in support of the data collection. For questions about the data, please contact Dr. Sheng Lu (email@example.com).
One thought on “How Americans Knew about Textile and Apparel Trade: New Survey Results”
It is not surprised about the high rank of Americans exports data. However, it we scrutinize the detail of American exports, we can get deeper understanding about global trade trends. What is the top manufactured products in America’s export industry? According to the USITC data, we can find that electrical equipment, medical equipment, computer and electronic products, chemicals, machinery and transportation equipment occupy the main positions. Compared with the most common goods surrounding Americans in the daily life, such as clothes and commodities, America’s exports of manufacturing industries are much higher technical and have greater capitalized value. Question 5 that related to the retail price of clothing implies that global trade makes countries to take their own competitive advantages in specific area to create values. China has the advantage in massive production and lower labor cost, the United States is good at high value-added industry to create wealth. The article “Domestic Value Added in Chinese Exports” has pointed out the fact about this fact: “The most referred to example is that of Appleís iPod, where only US$4 out of its value of US$150 can be attributable to producers located in China, with the rest being created mostly in the US, Japan, and Korea (Dedrick, Kraemer and Linden, 2009).” In term of apparel and textile industry, outsourcing the manufacture to China or other Asian countries will dramatically cut down the cost of production. Globalization also brings about the influence of exchange rate and expands the impacts of economic crisis. Taking all these factors and effects into account, the retails price for clothing in U.S. in 2015 has become lower than in 1998 is not surprised as well.