A Further Development of International Trade Theories:Transformation from comparative advantage into competitive advantage
Huo Meng-ren
Abstract
Huo Meng-ren
Abstract
International trade theories have long been established on the basis of comparative advantage,i.e.,the comparative benefits gained.With the internationalization of market economy,all countries are adjusting their foreign trade tragedies,so that a competitive advantage can be formed on the basis of the existing comparative advantage.This is a new choice of international trade tragedies.
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International trade theories have long been established on the basis of comparative advantage,i.e.,the comparative benefits gained.With the internationalization of market economy,all countries are adjusting their foreign trade tragedies,so that a competitive advantage can be formed on the basis of the existing comparative advantage.This is a new choice of international trade tragedies.
Key concepts: Comparative advantage, Competitive advantage, Internationalization, International trade, Economics, Revealed comparative advantage, Industrial organization, International economics