Final answer:
Pakistan can sustain its position in the global cotton market by improving labor skills, adopting advanced technology, upgrading physical capital, researching superior cotton varieties, implementing better agricultural practices, and developing favorable trade policies and alliances.
Step-by-step explanation:
To sustain Pakistan's position in the international market for cotton, several strategies can be implemented. Firstly, improving the quality of labor through extensive training and education programs for farmers and textile workers can enhance the skill sets necessary for high-quality cotton production. Embracing advanced technology in cotton farming and manufacturing processes may lead to more efficient and consistent quality control. Secondly, upgrading physical capital, including modern machinery for sowing, harvesting, and ginning cotton, could result in higher quality yields.
Additionally, investing in research for high-yield and pest-resistant cotton varieties can significantly improve output without compromising quality. Implementing better agricultural practices and suitable crop rotation to maintain soil health will also contribute to the quality of the cotton produced.
Lastly, developing favorable trade policies and forming strategic trade alliances can help buffer the country against external market fluctuations and foster a consistent demand for Pakistani cotton. These combined efforts could maintain and improve the global standing of Pakistan's cotton industry.