The question of international competitiveness

Coldwell Daniel

International Advances in Economic Research, 2000, vol. 6, issue 3, 417-426

Abstract: International competitiveness is advanced whenever the economic welfare of a nation is enhanced through an increase in the flow of trade or through an alteration in the conditions of trade starting from a presumed initial equilibrium. In order to describe the processes involved in securing and maintaining international competitiveness, the conventional models of international trade theory are used, namely the Ricardian, Heckscher-Ohlin, contemporary standard trade, and industrial organization models. Then, the role of the commodity terms of trade as they are manifested in exchange rates, which are affected by both short- and long-term international capital flows, is considered. Finally, possible implications regarding economic policy are briefly addressed. Copyright International Atlantic Economic Society 2000

Date: 2000
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DOI: 10.1007/BF02294961

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