Materialization of Comparative Advantage Theory in Chinese Export Trade
Xue Hua
Abstract
Xue Hua
Abstract
This paper analyzes the export trade of our country on the basis of comparative advantage theory,points out the advantages that the labor-intensive products possess in export trade,and simultaneously describes the potential problems.We should not only utilize the absolute advantage products in the labor-intensive industry for export to make contribution for economic development,but also pay attention to the cultivation of the labor-intensive products with comparative advantage in order to take full advantage of international division.
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This paper analyzes the export trade of our country on the basis of comparative advantage theory,points out the advantages that the labor-intensive products possess in export trade,and simultaneously describes the potential problems.We should not only utilize the absolute advantage products in the labor-intensive industry for export to make contribution for economic development,but also pay attention to the cultivation of the labor-intensive products with comparative advantage in order to take full advantage of international division.
Key concepts: Comparative advantage, Division of labour, Economics, International trade, Order (exchange), Revealed comparative advantage, Industrial organization, Business