3 ms·
Hm, I think I understand the essential concept, but your point about trade seems misplaced. International trade doesn't require a globalized er... hierarchy of
by saraid216 12y ago
Hm, I think I understand the essential concept, but your point about trade seems misplaced. International trade doesn't require a globalized er... hierarchy of labor; it just requires comparative advantage of some sort. I suppose a unified "division of labor" (these terms are not being used the way I am used to their being used) would certainly intensify the volume of international trade, but I do not think it is required by any means.