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Shakeup in Global Market for Textiles

Many Latin American countries like Nicaragua may soon be priced out of the global market for textiles and apparel. The Multi-Fiber Arrangement, which created a worldwide system of textile quotas, is scheduled to expire Jan. 1, 2005. This could trigger a massive transfer of wealth and jobs from other developing nations. Will there be a race to the bottom? NPR's Kathleen Schalch reports.

Copyright 2004 NPR

Kathleen Schalch
Kathleen Schalch is a general assignment reporter on NPR's national desk. Her coverage can be heard on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition.