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Globalisation, Comparative Advantage and the Changing Dynamics of Trade

Published on October 20, 2011

book

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.

TABLE OF CONTENTS

Foreword
Breaking through on trade
Is comparative advantage still relevant today?5 chapters available
Comparative advantage
Production, consumption and trade developments in the era of globalisation
Comparative advantage and export specialisation mobility
Changing patterns of trade in processed agricultural products
Have changes in factor endowments been reflected in trade patterns?
What kind of policies support a dynamic comparative advantage?6 chapters available
Comparative advantage and trade performance
The role of intermediate inputs and equipment imports in dynamic gains from trade
Determinants of diffusion and downstreaming of technology-intensive products in international trade
Intellectual property reform and productivity enhancement
The impact of export restrictions on raw materials on trade and global supply
Comparative advantage and structural change
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