Technological Improvements and Comparative Advantage Reconsidered
Given a world consisting of two countries, two commodities, and two consumers, this paper analyzes the potential effects of the current global trend of shifting world productions with regards to consumer goods. When technological improvements occur in a developing country, would terms of trade remain favorable for a developed country? Would both countries benefit? Instances where one or both countries benefit are feasible. However the developed country may lose as a result of an improvement in the production of the good that previously had been exported by the developed country.
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- F. Gerard Adams & Byron Gangnes & Yochanan Shachmurove, 2006.
"Why is China so Competitive? Measuring and Explaining China's Competitiveness,"
The World Economy,
Wiley Blackwell, vol. 29(2), pages 95-122, 02.
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- F. Gerard Adams & Byron Gangnes & Yochanan Shachmurove, 2004. "Why Is China So Competitive? Measuring and Explaining China’s Competitiveness," Working Papers 200406, University of Hawaii at Manoa, Department of Economics.
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"International Competition and Real Wages,"
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