Abstract
Why do people trade? Basically, because it is to their advantage to do so. Different people and different nations possess different production abilities and resources and may want to consume goods in different proportions, which opens up the possibility of profitable trade. The essence and dynamics of trade are thus a reflection of the division of labour between partners.
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© 1992 Kimmo Kiljunen
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Kiljunen, K. (1992). Towards a Theory of International Industrial Division of Labour. In: Finland and the New International Division of Labour. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10012-5_1
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DOI: https://doi.org/10.1007/978-1-349-10012-5_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-10014-9
Online ISBN: 978-1-349-10012-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)