Research On The Evolution And Enlightenment Of Comparative Advantage Theory

From David Ricardo expounded the theory of comparative advantage since it hasbeen the cornerstone of international trade, by a majority of economists’ attention andstudy.Ricardo theory of comparative advantage comes from Adam Smith’s theory ofabsolute cost, thus laid a foundation for the theory of international trade. Ohlin andHeckscher put forward the theory of factor endowment, they think the costcomparative advantage from elements of the innate gift is different, put forward thetheory of international trade greatly advance one step. After World War II, the practiceof international trade theory has undergone a drastic change., Some of the new tradetheory, such as mushroomed into being , Such as intra-industry trade, the country’sinternal trade, intra-company trade, etc. to obtain a vigorous development, it providesan alternative analysis of the ways and means for the conduct of international trade. Atthe moment the traditional trade theory, theory of comparative advantage ininternational trade has been a great challenge, Study of the theory of comparativeadvantage in the economics profession has always been a big controversy here hasbecome a hot topic for the field of economics and practice sectors.Theory of comparative advantage in the formation and development, experiencefrom the theory of static comparative advantage to the dynamic theory of comparativeadvantage, and nearly two hundred years of practice and improve.National economiststo attempt to reinterpret it and replace it with a variety of new trade theory, but it isstill standing in the world trade theory, shows that the theory of comparativeadvantage as a cornerstone of the foreign trade theory and the core position isunquestionable. In this paper, the process of evolution of the theory of comparativeadvantage as a clue to explore the comparative advantage theory of content,advantages, defects, and economic development, strengthening of technical andhuman capital investment and training, and ultimately creating a competitiveadvantage. I hope to provide a theoretical basis and direction, especially forinternational trade and industrial structure adjustment of China’s economic and foreign trade development policies able to provide some of the available reference.In a lot of access to look at the basis of the literature books, I formed the theoryof comparative advantage throughout the development process of the main line,comprehensive introduction to the theory of comparative advantage from static todynamic course of development, and summarizes the economists of every agetheviews and opinions of the theory of comparative advantage. Be judged through theirpoint of view and analysis, and thus a more systematic framework of the theory ofcomparative advantage to supplement and instructions. Scholars comparison of thetheory of comparative advantage on the theory of comparative advantage is a hot topicof the international economic circles. Making the economics profession to hold adifferent view to the formation of the theory of comparative advantage, there is nounified views. Analysis to identify their point of view only the words of my one, it isinevitable there will be omissions and inaccuracies. Scientific rigor in order to form afull explanation of the theory of comparative advantage of a complete system,requires the joint efforts of the domestic and foreign economists,require the theory ofcomparative advantage with the progress of the times.