International Division Of Labour In The Context Of Globalisation: The Case Of The Czech Republic
AbstractDivision 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 rise of capitalism, and of the complexity of industrialization processes. The revealed comparative advantage (RCA) measures the intensity of trade specialisation of a country within the world. We try to analyse Czech foreign trade on the base of indices of revealed comparative advantage with respect to world exports into the EU-27 and with the EU-27 Member states and over time. Most important Czech export and import products into EU are different kinds of machines, electrical equipment, and transport vehicles (car industry) and related parts. Presented analysis also indicates that Czech Republic has revealed comparative advantage in SITC sections of 6 a 7 only.
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Bibliographic InfoArticle provided by Spiru Haret University, Faculty of Financial Management and Accounting Craiova in its journal Journal of Applied Economic Sciences.
Volume (Year): 5 (2010)
Issue (Month): 4(14)/ Winter 2010 ()
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Web page: http://www2.spiruharet.ro/facultati/facultate.php?id=14
More information through EDIRC
division of labour; comparative advantage; absolute advantage; revealed comparative advantage; Czech Republic;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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