The Reason And Countermeasure Of Immiserizing Growth Of Guangdong Province Garment Exportation Industry

During these years, the export scale of Guangdong province garment industry is increasing year by year. And the garment export amount is increasing as well. Accompany the increasing of exportation, the unit price of exported garment is decreasing year by year. And the profit of each garment subcontractor is decreasing as well. Moreover, American and European market set different barrier to Chinese textile products. This kind of trading mode by very low profit or accepting at sacrifice will be eliminated by international market. This text analyses current situation of Guangdong province garment industry by theoretical research, statistic figures and case study, point out that Guangdong garment industry meets three terms of "immiserizing growth" theory from Bhagwati. This is what we call immiserizing growth trend. And the textile garment industry is falling into comparative advantage trap. Approach the reason of Guangdong province garment industry export immiserizing growth and future development direction. In order to earn much profit, the garment manufacturer should strengthen the human sourcing, find suitable people for creation and research. Create and set up its own brand, optimize the industrial structure, set up marketing channels, open and expand retails market, multi-exportation destination market, obtain international market, especially export to un-quota areas. This is the future development direction of Guangdong province garment industry.