Towards a Theory of International Industrial Division of Labour
Kimmo Kiljunen
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Kimmo Kiljunen: Helsinki University
Chapter 1 in Finland and the New International Division of Labour, 1992, pp 1-53 from Palgrave Macmillan
Abstract:
Abstract Why do people trade? Basically, because it is to their advantage to do so. Different people and different nations possess different production abilities and resources and may want to consume goods in different proportions, which opens up the possibility of profitable trade. The essence and dynamics of trade are thus a reflection of the division of labour between partners.
Keywords: Free Trade; Comparative Advantage; Foreign Trade; Capital Good; Trade Pattern (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10012-5_1
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DOI: 10.1007/978-1-349-10012-5_1
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