journal article
Trade, People and Places: A Social Economic—Geographic Approach to Comparative Institutional AdvantageReview of Social Economy
Vol. 66, No. 4 (DECEMBER 2008)
, pp. 469-499 (31 pages)
Published By: Taylor & Francis, Ltd.
//www.jstor.org/stable/29770492
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Abstract
This paper examines the theoretical underpinning of contemporary trade policies through a social economics lens. The paper offers a social economic critique of the theory of comparative advantage and the recently developed theory of comparative institutional advantage. Subsequently, the paper develops a more comprehensive and general theory of comparative institutional advantage consistent with the principles and methodology of social economics. Furthermore, it suggests ways in which this social economic—geographic version of the theory of comparative institutional advantage can be used in the construction of trade policies which are more likely to have a beneficial impact on the welfare of communities and to foster the fulfilling of human needs and potential. This version of the theory serves to reorient the focus of economic policy to the welfare of the community and the income-generating possibilities of trade. And it serves as a superior guide to policymaking because it is better able to define the root causes of regional success than standard trade theories.
Journal Information
For over sixty-five years, the Review of Social Economy has published high-quality peer-reviewed work on the many relationships between social values and economics. Â The field of social economics discusses how the economy and social justice relate, and what this implies for economic theory and policy. Papers published range from conceptual work on aligning economic institutions and policies with given ethical principles, to theoretical representations of individual behaviour that allow for both self-interested and 'pro-social' motives, and to original empirical work on persistent social issues such as poverty, inequality, and discrimination. Â In promoting discourse on social-economic themes, and unifying and invigorating scholarship around them, the journal is centrally concerned with these core research areas. The Review is a journal specialized in and a premier outlet for scholarly research at the intersection of social values and economics, and encourages researchers engaged in high-quality work in these areas. Implications for social programs and policies may be discussed in regular articles or in a Speakers' Corner contribution. Â The Review provides a platform for established social-economics research, but also for research from other branches of economics and the social sciences, when the goal of developing better understandings of the role of social values in economic life is pursued. Â
Publisher Information
Building on two centuries' experience, Taylor & Francis has grown rapidlyover the last two decades to become a leading international academic publisher.The Group publishes over 800 journals and over 1,800 new books each year, coveringa wide variety of subject areas and incorporating the journal imprints of Routledge,Carfax, Spon Press, Psychology Press, Martin Dunitz, and Taylor & Francis.Taylor & Francis is fully committed to the publication and dissemination of scholarly information of the highest quality, and today this remains the primary goal.
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