Spring 2014 CRS 530 B. Jin The University of North Carolina at Greensboro The Department of Consumer, Apparel, and Retail Studies CRS 530: Economics of the Textile and Apparel Complex (3 credits) Tues. & Thurs. 3:30-4:45pm (75min), Eberhart Building 161 ______________________________________________________________________________ FACULTY: Dr. B. Jin (212 Stone, b_jin@uncg.edu) Office Hours: Tues & Thurs 2:00 - 3:00 pm or by appointment. GRADUATE ASSISTANT: Mr. Bharath Ramkumar (361 Stone, b_ramkum@uncg.edu) Office Hours: Wed & Fri. 2:00 - 3:00pm or by appointment. COURSE DESCRIPTION: Economics and social aspects of production, distribution, and utilization of textiles and apparel. Note: Although this course refers to “economics” in its title, CRS 530 has focused on the “textile and apparel complex” in a global context. The focus very much reflects the extraordinary changes in the industry in recent years and is reflected in the choice of readings for the course. PREREQUISITE: Grade of C or better in ECON 201 REQUIRED TEXT Rivoli, P. (2009). Travels of a t-shirt in the global economy (2nd ed.). Hoboken, NJ: John Wiley & Sons, Inc. Additional readings will be distributed during class or available electronically on Blackboard. OPTIONAL TEXT Dickerson, K. G. (1999). Textiles and apparel in the global economy (3rd ed.). Upper Saddle River, NJ: Prentice Hall. Kunz, G. I., & Garner, M. B. (2011). Going global (2nd ed.). New York, NY: Fairchild books. Shoemack, H. R., & Rah, P. M. (2010). Essentials of exporting and importing: U.S. Trade policies, procedures, and practices. New York: Fairchild publication. STUDENT LEARNING OUTCOMES Upon completion of the course, you should be able to: 1. Develop a global focus at the micro- and macro-levels of the textiles and apparel industries, 2. Gain a historical perspective on the development of the global and the US textile and apparel industries, 3. Understand the global environment in which textiles and apparel production and trade occur, 4. Understand theory relevant to global trade in textiles and apparel, 5. Examine textiles and apparel trade policies, at the global and US levels, 6. Discuss challenges of importing and export opportunities to emerging markets, 7. Explore the international economy from the perspectives of industry and labor, retailers and importers, consumers, and policy makers. 1 Spring 2014 CRS 530 B. Jin STYLE/MODE OF TEACHING: Lecture on major concepts, discussion on articles and cases, presentations, and guest lectures. Reading articles and other materials will be posted on blackboard (https://blackboard.uncg.edu). CLASS COMPONENTS For undergraduate students, each component is a group project with a group consisting of two. For graduate students, each component is an individual project. The PPT file for each project needs to be submitted to the instructor by email attachment (copy to Mr. Bharath Ramkumar) before the presentation for grading. 1. Class Attendance (2 pts x 30 times= 60 pts): If you attend all classes, this point will be given. Each absent results in 2 points deduction. Roll will be taken at the very beginning of class. You are allowed three personal days in which you do NOT need to provide reasons for your absence. You should use your personal days to account for sick days and other days that will not allow you to come to class (i.e., job interview, university sponsored events, etc.). If you want to get an excused absence, you may choose to do it only after using these three personal days. Each attendance is worth 2 points (2 x 30 = 60 pts total). Missing more than 10 times (including three personal days) automatically results in F grade. Two lates are counted as one absence. If you are late for class, you will need to let instructor know your attendance after class. Each day that an assignment is due, it must be submitted at the beginning of class. If you miss class, it is your responsibility to find out what you missed and to be prepared for the next class. 2. Article Discussion Leadership (60pts): We will have 10 academic articles (see bold articles on the right column of page 5) to be discussed throughout the semester. You will be randomly assigned to one discussion session (roughly 40 min.) and lead the discussion. To prepare the discussion, you will need to i) summarize the major points of an article you will lead (20pts) and ii) prepare four thought provoking and stimulating questions (5pts x 4 questions = 20pts) in a PowerPoint format. During the discussion, you will present the summary and lead the discussion (20pts). 3. Book Chapter Discussion Leadership (50pts): Once we learn the major concepts of global A & T industries, a book focusing on t-shirts trade (i.e., Rivoli, 2009) will be discussed. Each student will need to make a 20 min PPT presentation about one chapter of the book on a chosen date. 4. Current Reading Presentation (50pts): Each day before lecture, each student is required to make a ten min. presentation about a trade article related to the topic/article discussed in previous class. Trade journals include Apparel Magazine, The Wall Street Journal, Fortune, Forbes, Stores, Chain Store Age, Business Week, etc. You are expected to i) choose a very current article in the T & A industry that is closely related to the topic/article discussed in previous class (20pts), ii) develop PowerPoint slides summarizing the article (10pts), iii) explain why and how the article is related to what we learned in previous class (10pts), and iv) discuss what we can learn from the story and 2 Spring 2014 CRS 530 B. Jin implications for U.S. T & A industry (10pts). A hard copy of presented article as well as PowerPoint file should be submitted to instructor/GA before presentation. 5. Exam (100pts): Exam will consist of multiple choices, true/false, and short answer. ALL reading materials and the materials presented in class as well as textbook chapters will be covered in the exam. No make-up exams will be given with the exception of an emergency. This emergency has to be verified through legal/official sources (letter from a doctor/ funeral home, etc.) within one week of the absence. 6. Term Paper (100pts, group project for undergraduate and an individual project for graduate student): The purpose of this term paper is to help you further investigate into a topic dealt during this semester. Your group/ a graduate student will need to choose one topic and are expected to write a 15-20 page paper excluding cover page, a table of contents, and a reference list (see below for term paper format). A detailed guideline for the term paper will be provided. Term Paper Format: Use 12 Times New Roman font and double space with 1 inch margin on all sides. Your term paper should begin with a cover page (title of the project, name) and a table of contents, a list of tables and figures (each of the former items should have a separate page regardless of its length), and should end with a reference list in APA style*. Please carefully review and proof read all assignments prior to submission. Papers will be expected to be error-free (spelling, grammar, punctuation, and content). Both papers will be evaluated based on comprehensiveness of contents, writing and organization, logical flow, critical analysis, amount of reference and correctness of its citation both in the text and reference list. The evaluation rubric will be given. * You need to refer at least ten sources combining academic and trade articles and these sources need to be listed in the reference list. Citing only web links will result in losing points. 7. Presentation (30pts): Each group will be required to present a term paper using PowerPoint slides. The specifics of the presentation will be discussed as the due date approaches. An oral presentation evaluation rubric will be given prior to the presentation. PROFESSIONALISM: The quality of your future career depends on the degree of professionalism you exhibit. It is expected that students conduct themselves in a mature and professional manner in every class session. Professionalism includes respecting fellow students, paying attention to lectures/discussions, constructive participation during lectures/discussions, leaving after a class is over, no side-talking, eating, sleeping, knitting, texting, answering cell phone, shopping online, etc. If one of these behaviors is observed, you will get a warning from the instructor. Continuous violation of professionalism results in a letter grade downgraded from your final grade. SUBMISSION/LATE POLICY: All assignments must be turned in on the assigned due dates even though you are absent. Excuses such as printer failure will not be accepted; so plan ahead of time. If work is handed in late, 20 percent of the given points will be deducted for each day the assignment is past due. 3 Spring 2014 CRS 530 B. Jin EVALUATION: Class attendance Current reading presentation Book chapter leadership Article discussion leadership Exam Term Paper Presentation Total points for class FINAL GRADES: 450 – 437 = A+ 436 – 419 = A 418 – 405 = A- 404 – 392 = B+ 391 – 374 = B 373 – 360 = B- 60 pts 50 pts 50 pts 60 pts 100 pts 100 pts 30 pts 450 pts 359 – 347 = C+ 346 – 329 = C 328 – 315 = C- < 315 = F SPECIAL NEEDS: UNCG seeks to comply fully with the Americans with Disabilities Act (ADA). Students requesting accommodations based on a disability must be registered with the Office of Disability Services in 215 Elliott University Center, 334-5440, htt://ods.dept.uncg.edu/, ods@uncg.edu. CARS STATEMENT ON ACADEMIC DISHONESTY: The UNC-Greensboro Academic Integrity Policy states, “If knowledge is to be gained and properly evaluated, it must be pursued under conditions free from dishonesty. Deceit and misrepresentations are incompatible with the fundamental activity of this academic institution and shall not be tolerated.” By choosing to enroll in this course and by completing the assignments, project, quizzes, examinations, etc., you are by default held to the standards of the Academic integrity Policy, and you are subjected to sanctions should you violate the policy in any manner. UNIVERSITY COPYRIGHT POLICY AND STUDENT CODE OF CONDUCT: Selling class notes for commercial gain or purchasing such class notes in this or any other course at UNCG is a violation of the University’s Copyright Policy and of the Student Code of Conduct. Sharing notes for studying purposes, or borrowing notes to make up for absences, without commercial gain, are not violations. 4 Spring 2014 CRS 530 B. Jin Tentative Class Schedule Week/Date Class Topic Jan 14 Class overview 1 Textiles and apparel as a global sector Jan 16 History overview of T & A complex Jan 21 The setting- An overview 2 Jan 23 Basic economic concepts & trade theory Jan 28 Global patterns of T & A industry development 3 Jan 30 Global patterns of Textile and apparel activities Current reading 1 Feb 4 Cont’d 4 Feb 6 The U.S. T & A industries and trade 5 6 7 Feb 11 Feb 13 Feb 18 Feb 20 Feb 25 Feb 27 Mar 4 8 Mar 6 Mar 11 Mar 13 Mar 18 10 Mar 20 9 11 Mar 25 Mar 27 Apr 1 12 Apr 3 13 Apr 8 Apr 10 Current reading 2 Trade regulation and trade agreements (e,g.,FTA) Cont’d Cont’d Economics of offshoring Current reading 3 Payment in exports/imports Pricing in international markets Current reading 4 and 5 Major U.S. trading partner: China Current reading 6 Cont’d Spring break (No Class) Spring break (No Class) Cont’d Major U.S. trading partner: India Current reading 7 and 8 Major U.S. trading partner: Vietnam Mid-term exam Current reading 9 Major U.S. trading partner : Mexico Current reading 10 Major U.S. trading partner: Mauritius & Moroco African countries’ second hand market Corporate social responsibility Apr 15 Environmental sustainability 14 Apr 17 Copyright issues Apr 22 Term Paper Presentation Apr 24 Term Paper Presentation- Cont’d 16 Apr 29 Term Paper Presentation- Cont’d 15 Text/Readings Dickerson. Chap 1 Dickerson. Chap 2 Dickerson. Chap 3 Dickerson. Chap 4 Dickerson. Chap 5 Dickerson. Chap 6 Jin, Kendagal, & Jung (2013) Dickerson. Chap 9 AAFA report Dickerson. Chap 10 Kunz & Garner (2011). Chap 6 Rivoli (2009) Chap 1, 2, & 4 Rivoli (2009) Chap. 10, 11 & 12 Cook (2007) Shoemack & Rath (2010) Chap 10. Rivoli (2009) Chap 5 & 6 Rivoli (2009) Chap 7 & 8 Stalk & Michael (2011) Tewari (2006) Thomsen (2007) Tsang & Au (2008) Leseure, Hurreeram & Bennett (2009) Rivoli (2009) Chap13, 14 & 15 Porter & Cramer (2011) Schor (2005) Hemphill & Suk (2009) pp.1170-1196 only Final Term Paper Due 5 Spring 2014 CRS 530 B. Jin The list of ten academic articles Feb 4 (Tues) Jin, B., Kendagal, P. & Jung, S. (2013). Evolution patterns of apparel brands in Asian countries: Propositions from an analysis of the apparel industry in Korea and India. Clothing and Textiles Research Journal, 31(1), 48 – 63. Feb 20 (Thurs) Cook, T. (2007). Global sourcing logistics: How to manage risk and gain competitive advantage in a worldwide marketplace. New York: American Management Association. Chap 3. Landed costs. Mar 18 (Tues) Stalk, G., & Michael, D. (2011). What the West doesn’t get about China. Harvard Business Review, 89(6), 25-27. Mar 20 (Thurs) Tewari, M. (2008). Varieties of global integration: Navigating institutional legacies and global networks in India’s garment industry. Competition & Change, 12(1), 49-67. Mar 25 (Tues) Thomsen, L. (2007). Accessing global value chains? The role of business–state relations in the private clothing industry in Vietnam. Journal of Economic Geography, 7, 753–776. Apr 1 (Tues) Tsang, W. Y., & Au, K. F. (2008). Textile and clothing exports of selected South and Southeast Asian countries: A Challenge to NAFTA trading. Journal of Fashion Marketing & Management, 12(4), 565-578. Apr 3 (Thurs) Leseure, M., Hurreeram, D., & Bennett, D. (2009). Playing with catch-up with China: Challenges and strategies for smaller developing countries, Technology Analysis & Strategic Management, 21(5), 617-637. Apr 10 (Thurs) Porter, M. E., & Kramer, M. R. (2011). Creating shared value. Harvard Business Review, 89(1/2), 62-77. Apr 15 (Tues) Schor, J. B. (2005). Prices and quantities: Unsustainable consumption and the global economy. Ecological Economics, 55, 309-320. Apr 17 (Thurs) Hemphill, C.S., & Suk, J. (2009). The law, culture, and economics of fashion. Stanford law Review, 61(5), 1147-1199. 6