Discuss how alternative models seek to address weaknesses in the comparative advantage model.
-Why have South Korea, Taiwan, and Singapore been so successful at technologically advanced processes and products when static comparative advantage indicated that they should have concentrated on low-value-added goods forty years ago? Why, on the other hand, have such apparently promising nations such as Chile and Brazil not advanced that much in development compared with these previously low-development East Asian nations?

Question

Quizplus · Accepted Answer

The Answer of Discuss how alternative models seek to address weaknesses in the comparative advantage model.
-Why have South Korea, Taiwan, and Singapore been so successful at technologically advanced processes and products when static comparative advantage indicated that they should have concentrated on low-value-added goods forty years ago? Why, on the other hand, have such apparently promising nations such as Chile and Brazil not advanced that much in development compared with these previously low-development East Asian nations?

Discuss How Alternative Models Seek to Address Weaknesses in the Comparative