Optimal International Division of Labour
Abstract The international division of labour implies both advantages and disadvantages to an economy. As long as the marginal costs and marginal benefi ts associated with the international division of labour stick to standard economic theory, there is an optimal degree of this division for every ec...
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| Format: | Article |
| Language: | deu |
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Springer
2020-04-01
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| Series: | Wirtschaftsdienst |
| Subjects: | |
| Online Access: | https://doi.org/10.1007/s10273-020-2632-4 |
| _version_ | 1818441463338369024 |
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| author | Thieß Petersen |
| author_facet | Thieß Petersen |
| author_sort | Thieß Petersen |
| collection | DOAJ |
| description | Abstract The international division of labour implies both advantages and disadvantages to an economy. As long as the marginal costs and marginal benefi ts associated with the international division of labour stick to standard economic theory, there is an optimal degree of this division for every economy. The corona pandemic is likely to change the fundamentals for relevant decisions–both from the perspective of companies and of the society as a whole–in such a way that the extent of the division of labour and international trade will decrease correspondingly. |
| first_indexed | 2024-12-14T18:28:39Z |
| format | Article |
| id | doaj.art-cee918620694413985d48bfde323a579 |
| institution | Directory Open Access Journal |
| issn | 0043-6275 1613-978X |
| language | deu |
| last_indexed | 2024-12-14T18:28:39Z |
| publishDate | 2020-04-01 |
| publisher | Springer |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj.art-cee918620694413985d48bfde323a5792022-12-21T22:51:51ZdeuSpringerWirtschaftsdienst0043-62751613-978X2020-04-01100429129310.1007/s10273-020-2632-4Optimal International Division of LabourThieß Petersen0Bertelsmann StiftungAbstract The international division of labour implies both advantages and disadvantages to an economy. As long as the marginal costs and marginal benefi ts associated with the international division of labour stick to standard economic theory, there is an optimal degree of this division for every economy. The corona pandemic is likely to change the fundamentals for relevant decisions–both from the perspective of companies and of the society as a whole–in such a way that the extent of the division of labour and international trade will decrease correspondingly.https://doi.org/10.1007/s10273-020-2632-4F10F50F60 |
| spellingShingle | Thieß Petersen Optimal International Division of Labour Wirtschaftsdienst F10 F50 F60 |
| title | Optimal International Division of Labour |
| title_full | Optimal International Division of Labour |
| title_fullStr | Optimal International Division of Labour |
| title_full_unstemmed | Optimal International Division of Labour |
| title_short | Optimal International Division of Labour |
| title_sort | optimal international division of labour |
| topic | F10 F50 F60 |
| url | https://doi.org/10.1007/s10273-020-2632-4 |
| work_keys_str_mv | AT thießpetersen optimalinternationaldivisionoflabour |