 A Dynamic Concept of Comparative Advantage: Technological Capabilities and Trade TheoriesChapter 2 in Industry, Competitiveness and Technological Capabilities in Chile, 1998, pp 4-28 from Palgrave Macmillan Abstract: Abstract In the last few years, classical, Ricardian and neoclassical theories of international trade have gradually been complemented with new hypotheses and assumptions, to explain a pattern of trade that has changed, often along unexpected lines. The earlier ‘conventional’ theories had difficulties in explaining the changing pattern of comparative advantage (CA) with new exporters from less developed countries (LDCs) and countries shifting their CA through different activities. In response to this, the idea that CA not only reflects the static endowment of given national resources, but is constantly changing in response to the creation of local knowledge and skills, has been explicitly considered. Similarly, the hypothesis that efforts to develop skills and capabilities can add to the country’s endowments and enhance the effective utilization of the endowments already available has been explored in the literature. Keywords: Technological Change; Comparative Advantage; Market Failure; Technological Capability; Factor Endowment (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26361-5_2 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-26361-5_2 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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