Pushing for Malta’s industrial renaissance

Abstract

Malta had a booming textile industry. Factories imported denim fabric which people sewed into jeans for relatively little pay. The garments were cheap to make and cheap to sell, and companies raked in the profits. Years later, the economics changed: cost of living on the island shot up and higher wages saw thin profits dwindle.The denim industry died in 2007. The lesson Malta should have learnt from this is that we need to add more value to the items we develop and produce, in order to make the effort sustainable and profitable.