Cultural Factors in the Location of the Swatow Lace and Needlework Industry

QO NE of the most inviting possibilities in the development of areas of great underemployment is the promotion of handicraft industries. Particularly appealing is production for export, especially to the United States, where high buying power promises volume orders, and the producing country hopes thereby to earn ample foreign exchange. The location of a successful export handicraft industry often represents a choice between enlarging an already-operating center that may be far inland, or setting up a new one close to coastal ports. The former may have the advantages of existing facilities, experienced labor, access to raw materials, and an established finance and marketing organization; the latter is close to exporters, foreign buyers, and ready capital and saves transport costs on the finished products. In actual practice the final location may result in a compromise somewhere between an inland and a coastal area

Business · Capital (architecture) · Compromise · Economic growth · Economics · Exportation · Geography · Handicraft · Political science · Politics · Production (economics) · Promotion (chess) · Underemployment · Economic Zones and Regional Development