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Trade efficiency standards: definitions and normative implications

This paper discusses the relationship between efficiency standards and specialization in trade. The assumption is that in order to define trade specialization, it is necessary to have a prior idea of economic efficiency. The main argument is that this background knowledge is a necessary condition in order to appreciate the allocation and dynamic technical-productive implications associated with any given specialization standard, including with regards to the possibilities of trade-offs between different criteria of efficiency in trade.

international trade; patterns of specialization; economic efficiency


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