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Comparative advantage in de-globalisation
- Source :
- Journal of International Trade Law and Policy. 17:46-61
- Publication Year :
- 2018
- Publisher :
- Emerald, 2018.
-
Abstract
- This paper aims to examine the relevance of the theory of comparative advantage in the present realities of a world undergoing de-globalisation, that is, a retreat from closer integration.,This paper presents eight arguments that analyse the theory as posited by Adam Smith and David Ricardo and that theory remains the underpinnings for trade liberalisation as regulated by the World Trade Organisation (WTO).,The arguments do not contend with the role and achievements of the WTO in the era of globalisation. Rather, these call for an acknowledgement of the changing realities of countries in the face of changes in the political, economic and legal landscapes, across the globe.,This is an original submission by the author.
- Subjects :
- 050502 law
Liberalization
05 social sciences
Acknowledgement
Face (sociological concept)
0506 political science
Globalization
Politics
International free trade agreement
Brexit
Political economy
Political science
Political Science and International Relations
Industrial relations
050602 political science & public administration
Law
General Economics, Econometrics and Finance
Comparative advantage
0505 law
Subjects
Details
- ISSN :
- 14770024
- Volume :
- 17
- Database :
- OpenAIRE
- Journal :
- Journal of International Trade Law and Policy
- Accession number :
- edsair.doi...........f66ee1afc4bd14c25afc81cdcfe2b353