Abstract
The objective of this study is to contribute to the current development theory and development policy debate. The aim is to illuminate controversies within international trade theory over the explanation of structural changes in the international division of labor and the assumption that specialization is beneficial to all participants. The starting point of this inquiry is the conventional theory of comparative advantage. In recent years, some new explanations have emerged, aimed at qualifying the determination of comparative advantage. Furthermore, there are approaches that oppose altogether specialization based on comparative advantage. These various theoretical accounts are presented in order to find concepts and categories to describe the changing pattern of the international division of industrial labor.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.