Yes, think of how the Koreans discovered their women had a comparative advantage in golf & the Russians in tennis.
I think that Alice Amsden's work on Korea is important here, where she discusses success via "getting prices wrong". Also the recent work on "lock in's" is relevant here. In short, these "artificial barriers" can make for new structures of comparative advantage. On Thu, Sep 06, 2007 at 05:40:22AM -0700, MICHAEL YATES wrote: > Friends, > > How exactly do neoclassicals say that a nation discovers the outputs in > which it has comparative advantage? Trial and error? In a world of unequal > power, with a history of colonialism and imperialism, what possible meaning > coud the term even have? > > Stiglitz says that globalization has been driven in part by the elimination > of "artificial" barriers to international movements of goods, services, > money, and people. What makes whatever these barriers are "artificial?" > Isn't the "market" just as artificial?" > > Michael Yates -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
