An inevitable transformation is taking place in the international division of labour. The developing countries, with over 75 per cent of the world’s population, will in coming years markedly increase their share in world manufactured production and trade — even if not as much as the Lima target suggests. This structural change has an impact on the patterns of production and trade in the already industrialised economies. Nevertheless, these trade-related adjustment constraints vary among DMEs, depending on the characteristics of industrial development and the consequent trade structure in each country. The purpose of this study has been to investigate how these restructuring constraints have been manifested in the case of Finland — representing an economy in an intermediate, semi-peripheral position in the international division of labour.
KeywordsInternational Division Preferential Trade Preferential Trade Agreement Footwear Industry Industrial Competitiveness
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