Its textile industry, still dominated by smaller firms, had not geared up for the post-quota world as China's had.

ECONOMIST: China has won; but so far, South Asia has not lost

It has signalled that it will veto the quota bill rather than breach world trade law.

ECONOMIST: Steel scrap

Much has been made about the dearth of women at Davos this year and the fact that the World Economic Forum, in an effort to address this inequity, imposed a quota on its 100 corporate sponsors.

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And if you talk to anyone in the NGS world, you will know it is not thriving, reps fired, downsizing, increased quota, increased territory.

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