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Deficiencies of orthodox foreign trade theory with regard to employment

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  • Lorenz, Detlef

Abstract

The orthodox theory of foreign trade, which is simply a theory of re-allocation, can scarcely do justice to the issues that arise in the context of North-South relations. Its isolation from the problems of world and regional economic development, different trade flows and the transfer of production factors reduces its relevance to employment.

Suggested Citation

  • Lorenz, Detlef, 1985. "Deficiencies of orthodox foreign trade theory with regard to employment," Intereconomics – Review of European Economic Policy (1966 - 1988), ZBW - Leibniz Information Centre for Economics, vol. 20(3), pages 122-129.
    • Handle: RePEc:zbw:inteco:139971
    DOI: 10.1007/BF02928466
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    Keywords

    North-South Relations;

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