The Relativity of Comparative Advantage of Low Labor Cost and the Absoluteness of Technological Advantages
Introduction:
Under the atmosphere of globalization of economy, the opportunities for the manufacture enterprises of fewer technologies located in less developed countries and areas to survive and develop have emerged. The opportunities are not kindly offered by the competitive world leading producers but created by “Comparative Advantages of Low Labor Cost”.
Analysis of the Relativity of Comparative Advantage of Low Labor Cost:
For example, in China, during the recent twenty years, the words of comparative advantages have been repeated for hundred times either in a lot of local government reports or in some newspapers. Actually, the comparative advantages in China are of low labor cost most of the time. Compared with the labor cost in Europe and North America, the labor cost is much lower in China. And another important factor to make the low labor......
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Approximate Word Count: 1900
Approximate Pages: 8 (260 words per double-spaced page) |