Why comparative advantage is a problematic guide to practical policy
Economic Affairs, 2019, vol. 39, issue 2, 243-250
Previous criticisms of comparative advantage theory have mainly stressed the inapplicability of its theoretical assumptions. This article focuses on the dilemma involved in using it as a guide to practical policy. Since its inception, comparative advantage theory has gradually split into two schools, representing two ways of thinking and two methodologies. Economic policy based on comparative advantage may succeed in the short run but fail in the long run, because the development model based on this approach has an inherent destructive mechanism.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:ecaffa:v:39:y:2019:i:2:p:243-250
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0265-0665
Access Statistics for this article
Economic Affairs is currently edited by Philip Booth
More articles in Economic Affairs from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().