This paper explores the possibility of international technology transfer in lieu of trade in a model with absolute and comparative advantage. Countries having absolute advantage in producing a good may offer that technology to a possible trading partner against a fee and both the countries might...

Выявлены и рассмотрены преимущества и ограничения развития кластерных образований, причины и факторы, их образующие. Выделены направления реализации...

In a globalising economy, territories and not just firms increasingly find themselves in competition with each other. In fact, differently from the case of countries, cities and regions compete, on the international market for goods and production factors, on the basis of an absolute advantage...

This paper explores the link between international specialization across goods and within goods along the quality dimension. The analysis is performed in a multi-country model with an integer number of efficiency heterogeneous firms producing each good and under reasonably general assumptions on...

In this paper we closely examine the implications of comparative advantage for foreign direct investment (FDI) incentives. Particularly, we find that the host country¡¯s comparative advantage sector is more attractive to inward FDI than its comparative disadvantage sector. This finding is...

This paper analyses trade policies in the European Union. The common commercial policy is based on equal principles, particularly for changes in tariff rates, the conclusion of tariff and trade agreements, equal measures of liberalization, export policy and measures to protect trade with those...

The changes of production factors priorities affect more and more the evolution of global economy, requiring reorientation of development policies both at company level and at national economies level to adapt to the phenomenon called: “the new economy” or “knowledge economy”. If for...

Division of labour is the specialization of cooperative labour in specific, circumscribed tasks and roles, intended to increase the productivity of labour. Historically the growth of a more and more complex division of labour is closely associated with the growth of total output and trade, the...