Assessing comparative advantage in agricultural trade

Abstract

With the growth of globalization, international cooperation increases the pace of development. Each country has a number of competitive advantages that are formed due to geographic, climatic and economic conditions. As part of the study of agriculture, the author noted that the assessment of the country’s comparative advantage cannot be limited to traditional theories of international trade focused on comparative advantage. Attention should be drawn to theories that emphasize the variability of comparative advantage; development of diff erentiated products should be enhanced, high level of intra-industry trade should be developed.