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The Theories of the Comparative and the Competitive Advantages in the International Trade

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  • Popa Suzana

    (University of Pitesti, Faculty of Economics)

Abstract

The traditional theories – the classic and the neo-classic ones – are based on certain hypotheses, which simplify the analysis of causes and effects of international trade. Some of them are specific to the classic theory, some to the neo-classic theory and others can be found to both models. Although the international trade based on staples still reflects the abundance of natural resources in the partener countries, the trade based on manufactured products put into practice even less the principles of neoclassic theory. More often the nature of commercial flows is even contrary to that recommanded by this one. It has been noticed that many countries export and import at the same time products for which they hold comparative advantage.

Suggested Citation

  • Popa Suzana, 2013. "The Theories of the Comparative and the Competitive Advantages in the International Trade," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 88-91, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:88-91
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    JEL classification:

    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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