Effects of the Global Crisis on the Egyptian Textiles and Clothing Sector: A Blessing in Disguise?

Table 3

Unfavorable cost structure: labor cost.

	Wage per hour in US$	Equivalent to LE
Egypt	0.82	4.5
China (mainland)	0.48	2.6
Sri Lanka	0.46	2.0
Pakistan	0.37	1.5
Bangladesh	0.28	1.5
Vietnam	0.28	1.5

Source: Adapted from World Bank [5]. Exchange rate used is LE 5.5 to the $.