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We propose a theory of task trade between countries that have similar relative factor endowments but may differ in size …
Persistent link: https://www.econbiz.de/10012464094
For centuries, most international trade involved an exchange of complete goods. But, with recent improvements in transportation and communications technology, it increasingly entails different countries adding value to global supply chains, or what might be called "trade in tasks." We propose a...
Persistent link: https://www.econbiz.de/10012465939