Routledge Encyclopedia of International Political Economy
Publisher: Routledge
Published: July 27, 2001
Language: eng
Number of pages: 1776
ISBN-13: 9780415145329
First sentence: ADAM SMITH, among others, asserted the principle that each nation should export those goods in which it possessed 'natural and acquired advantages' in productive EFFICIENCY and should import those goods in which other nations held an advantage in productivity.