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The developing countries have to be involved more closely in the international division of labour if they are to be able to play their part in a New International Economic Order. Increased competition in semifinished and finished products and internal substitution processes will pose new...
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existing international division of labour which may help to find a better way of improving their position in the world trade …
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this is the dominant role played by transactions involving manufactured goods in world trade. An additional factor is that …
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The empirical relationship between competition intensity and the rate of productivity growth across 30 sectors of the … competition for each sector, defined by the price markup that maximises the growth rate of hourly labour productivity. As there is … follows that sectors with high technical progress require higher markups to maximise their labour productivity growth rate …
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