Cultural Influences on International Economic Analysis (I)

Rongxing Guo ()

Chapter 6 in Cultural Influences on Economic Analysis, 2006, pp 104-119 from Palgrave Macmillan

Abstract: Abstract It has been broadly assumed that a country’s economic dependence on the outside world is negatively related to its land area.1 This may be illustrated unambiguously by the relationship between the supply and demand of some basic resources for countries differing in size (land area).2 Generally speaking, in comparison to large economies, small economies have a relatively limited variety of natural resources. Therefore, they have to import resources that they lack and that are essential to meeting diversified production and consumption needs. Eventually, the increased imports will stimulate exports in order to attain a trade balance.

Keywords: International Trade; Comparative Advantage; Trade Policy; Bilateral Trade; Culture Area (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1057/9780230206960_7

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