@techreport{oai:ir.ide.go.jp:00037904,
 author = {Asuyama, Yoko and Chhun, Dalin and Fukunishi, Takahiro and Neou, Seiha and Yamagata, Tatsufumi},
 month = {Dec},
 note = {application/pdf, IDP000268_001, The international garment trade was liberalized in 2005 following the termination of the MFA
(Multifibre Arrangement) and ever since then, price competition has intensified. Employing a unique firm dataset collected by the authors, this paper examines the changes in the performance of Cambodian garment firms between 2002/03 and 2008/09. During the period concerned, frequent firm turnover led to an improvement of the industry’s productivity, and the study found that the average total-factor productivity (TFP) of new entrants was substantially higher than that of exiting firms. Furthermore, we observed that thanks to productivity growth, an improvement in workers’ welfare, including a rise in the relative wages of the low-skilled, was taking place. These industrial dynamics differ considerably from those indicated by the “race to the bottom” argument as applied to labor-intensive industrialization in low income countries.},
 title = {Firm dynamics in the Cambodian garment industry: firm turnover, productivity growth, and wage profile under trade liberalization},
 year = {2010}
}