The paper has two objetives. The first is to discuss whether developing countries can benefit by specializing according to their comparative advantage. The second objetive is to discuss if an economy that adopts a free market policy will in effect achieve greater economic efficiency. The author concludes that specialization according to comparative advantage would indeed benefit a country. He also argues that in an economy ruled by free competition and without governmental interference, market signals and forces and not by themselves sufficient to provide the necessary incentives to producers so that they fully use the avaliable resources, and produce and trade according to comparative advantage.
Includes bibliographyThe gains from trade argument is based on the principle of comparative advantag...
First published online: 27 April 2004This paper examines whether comparative advantage is the long-r...
The paper obtains new results about absolute and comparative advantage, by introducing international...
The paper has two objetives. The first is to discuss whether developing countries can benefit by spe...
The paper has two objectives. The first is to discuss whether developing countries can benefit by sp...
This paper is the outcome of a project to review the literature on comparative advantage. A good...
2My purpose in these notes is to take the first steps toward an evolutionary account of internationa...
This paper analyses the e¤ect of integration on growth when countries have di¤erent preferences. It ...
This paper proposes a simple theory of international trade with endogenous productivity di¤erences a...
This paper proposes a simple theory of international trade with endogenous technological differences...
This paper examines a two-way interaction between trade liberalization and economic growth. Through ...
This paper examines international trade issues as vital indicators of the economic prospects of the ...
We propose a new way to locate the comparative advantages of two economies linked by international t...
We analyze the principle of comparative advantage when agents in the world market are aware of the i...
The theory of comparative advantage serves as the theoretical justification for the neoliberal econo...
Includes bibliographyThe gains from trade argument is based on the principle of comparative advantag...
First published online: 27 April 2004This paper examines whether comparative advantage is the long-r...
The paper obtains new results about absolute and comparative advantage, by introducing international...
The paper has two objetives. The first is to discuss whether developing countries can benefit by spe...
The paper has two objectives. The first is to discuss whether developing countries can benefit by sp...
This paper is the outcome of a project to review the literature on comparative advantage. A good...
2My purpose in these notes is to take the first steps toward an evolutionary account of internationa...
This paper analyses the e¤ect of integration on growth when countries have di¤erent preferences. It ...
This paper proposes a simple theory of international trade with endogenous productivity di¤erences a...
This paper proposes a simple theory of international trade with endogenous technological differences...
This paper examines a two-way interaction between trade liberalization and economic growth. Through ...
This paper examines international trade issues as vital indicators of the economic prospects of the ...
We propose a new way to locate the comparative advantages of two economies linked by international t...
We analyze the principle of comparative advantage when agents in the world market are aware of the i...
The theory of comparative advantage serves as the theoretical justification for the neoliberal econo...
Includes bibliographyThe gains from trade argument is based on the principle of comparative advantag...
First published online: 27 April 2004This paper examines whether comparative advantage is the long-r...
The paper obtains new results about absolute and comparative advantage, by introducing international...