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《Contemporary Finance & Economics》 2006-08
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Cost or Added-Valued Principle——the Development of Comparative Advantage Theory

ZhOU Chen-ying,(Donghua University,Shanghai 200051)  
The prevailing comparative advantage theories are based on the cost principal,i.e.those who produce with the lower opportunity costs can obtain comparative advantage.According to the status quo of China's foreign trade,the comparative theory needs to develop into added-value principle,which means those who can obtain higher added value through production are said to have comparative advantage.Serving as the guide to the foreign trade in China,the newly comparative advantages theories can thus help to solve the current problems such as the gradual loss of China's cost advantages and the ensuing restraint on China's foreign trade and frequent trade frictions.
【CateGory Index】: F740
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