IDEAS home Printed from https://ideas.repec.org/a/taf/rsocec/v66y2008i4p469-499.html
   My bibliography  Save this article

Trade, People and Places: A Social Economic-Geographic Approach to Comparative Institutional Advantage

Author

Listed:
  • Geoffrey Schneider
  • Paul Susman

Abstract

This paper examines the theoretical underpinning of contemporary trade policies through a social economics lens. The paper offers a social economic critique of the theory of comparative advantage and the recently developed theory of comparative institutional advantage. Subsequently, the paper develops a more comprehensive and general theory of comparative institutional advantage consistent with the principles and methodology of social economics. Furthermore, it suggests ways in which this social economic-geographic version of the theory of comparative institutional advantage can be used in the construction of trade policies which are more likely to have a beneficial impact on the welfare of communities and to foster the fulfilling of human needs and potential. This version of the theory serves to reorient the focus of economic policy to the welfare of the community and the income-generating possibilities of trade. And it serves as a superior guide to policymaking because it is better able to define the root causes of regional success than standard trade theories.

Suggested Citation

  • Geoffrey Schneider & Paul Susman, 2008. "Trade, People and Places: A Social Economic-Geographic Approach to Comparative Institutional Advantage," Review of Social Economy, Taylor & Francis Journals, vol. 66(4), pages 469-499.
  • Handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:469-499
    DOI: 10.1080/00346760801932684
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/00346760801932684
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Scott, Allen J. (ed.), 2001. "Global City-Regions: Trends, Theory, Policy," OUP Catalogue, Oxford University Press, number 9780198297994.
    2. Jagdish N. Bhagwati, 2004. "In Defense of Globalization: It Has a Human Face," Rivista di Politica Economica, SIPI Spa, vol. 94(6), pages 9-20, November-.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Geoffrey Schneider, 2008. "Comparative Institutional Advantage and the Appropriate Development Model for Sub-Saharan Africa," Forum for Social Economics, Springer;The Association for Social Economics, vol. 37(2), pages 115-124, August.
    2. Geoffrey Schneider & Paul Susman, 2010. "Uneven Development and Grounded Comparative Institutional Advantage: Lessons from Sweden and Mondragon," Forum for Social Economics, Taylor & Francis Journals, vol. 39(1), pages 1-11, January.
    3. Geoffrey Schneider, 2008. "Comparative Institutional Advantage and the Appropriate Development Model for Sub-Saharan Africa," Forum for Social Economics, Taylor & Francis Journals, vol. 37(2), pages 115-124, January.
    4. Escobal, Javier & Favareto, Arilson & Aguirre, Francisco & Ponce, Carmen, 2015. "Linkage to Dynamic Markets and Rural Territorial Development in Latin America," World Development, Elsevier, vol. 73(C), pages 44-55.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rsocec:v:66:y:2008:i:4:p:469-499. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/RRSE20 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.