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Oxf Rev Econ Policy 1998; 14:1-6
© 1998 Oxford University Press and Oxford Review of Economic Policy Ltd


Article

The assessment: trade and location

AJ Venables
London School of Economics, London, UK

Abstract

This paper gives an overview of different analyses of the effects of globalization on industrial location. It suggests that comparative advantage is inadequate to explain several aspects of the changing patterns of trade and location, and that it needs to supplemented by approaches based on new economic geography and theories of cumulative causation.


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