Globalisation, comparative advantage and the changing dynamics of trade
Contributors: OECD iLibrary
Publisher: OECD
Published: 2011
Place of publication: Paris
Language: eng
Number of pages: 346
ISBN-13: 9789264113077; 9789264113084
Subjects: Comparative advantage (International trade); Globalization; Economic aspects; International trade
Description: The effects of globalisation have been at the forefront of public debate in recent years, fuelled on the one hand by the large benefits of integrated markets, and on the other hand, by the detrimental adjustment effects often experienced by many economies as a result.  Knowing how trade has been evolving over time and the role policy has played in this evolution are critical to understanding the globalisation debate and grasping the lessons for future policy development. The comparative advantage hypothesis has been suggested as one of the principal explanations of international trade and of the benefits associated with openness. It has also provided the intellectual underpinnings for most trade policy in the past 50 years. This book collects OECD work that builds on recent contributions to the theory and empirics of comparative advantage, putting particular emphasis on the role policy can play in shaping trade.
Notes: "This work is published on the responsibility of the Secretary-General of the OECD"--T.p. verso.

"Corrigenda to OECD publications may be found online at: www.oecd.org/publishing/corrigenda"--T.p. verso.

OECD code: 22 2011 02 1 P.

Includes bibliographical references.

Full text also available online to subscribers.
Table of contents: title: Foreword; title: Breaking through on trade; title: Comparative advantage; title: Production, consumption and trade developments in the era of globalisation; title: Comparative advantage and export specialisation mobility; title: Changing patterns of trade in processed agricultural products; title: Have changes in factor endowments been reflected in trade patterns?; title: Comparative advantage and trade performance; title: The role of intermediate inputs and equipment imports in dynamic gains from trade; title: Determinants of diffusion and downstreaming of technology-intensive products in international trade; title: Intellectual property reform and productivity enhancement; title: The impact of export restrictions on raw materials on trade and global supply; title: Comparative advantage and structural change.