International competitiveness is often regarded as crucial for the attainment of gains from trade, which may lead policy makers to subsidize exports. This view is based on confusion between the concepts of competitive and comparative advantage. The paper argues that when comparative advantage is...

Intra-industry trade has a paramount value in the theory of international trade due to the reason that it establishes the base for exploiting economies of scale and product differentiation, which ultimately ensures the existence of comparative advantage. The current research is an endeavour to...

This paper explores the trade structure of three countries India, Sri Lanka and Bangladesh. First, the study revealed that the export structures are becoming similar. Second, the study revealed that export structures of these three countries (India, Sri Lanka and Bangladesh) are becoming similar...