Neo-classical economic trade theory suggests that countries on
an aggregate level specialize in products that are consistent with
their particular advantages and this book suggests that the
predictions of the theory are broadly borne out. However, this
theory is cast on a very aggregate level such as textiles and steel
and the theory provides little guidance on "process." Thus, there
is little one learns from the theory about business, structural,
and institutional practices that make a particular country more
successful than others even if their broad comparative advantage is
similar. Similarly, one learns little about the various forms of
critical linkages or partnerships, backward and forward (induced by
industrial policy or spontaneous), public-private, domestic-foreign
(in a value chain context), South-South, and intra-cluster or
sector that result in export success and failure in the garment
industry in South Asia.
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