Although Traditional Trade Theories Suggest That Developing Countries Should Specialize

question 46

Essay

Although traditional trade theories suggest that developing countries should specialize in labor intensive commodities like,raw material,food,minerals,etc.,why do some developing countries believe that a pattern of specialization under the theory of comparative advantage relegated them to a subordinate position compared to the developed nations?

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Definitions:

Depression

A common and serious mood disorder characterized by persistent sadness, loss of interest in activities, and other symptoms that impair daily functioning.

Suicide

The deliberate action of taking one's own life.

Abnormality

A deviation from the norm or average, often referring to behaviors, feelings, or thoughts that are unusual or atypical within a culture or society.

Concordance Rates

The likelihood of two individuals sharing a particular trait or disorder, often used to study the influence of genetics versus environment in twins.