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Materialization of Comparative Advantage Theory in Chinese Export Trade

Xue Hua

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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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What this paper is about

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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Available 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.

Key concepts: Comparative advantage, Division of labour, Economics, International trade, Order (exchange), Revealed comparative advantage, Industrial organization, Business

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