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Comparative advantage in de-globalisation: Brexit, America First and Africa's continental free trade area.

Ezeani, Elimma

Authors

Elimma Ezeani



Abstract

This paper examines the relevance of the theory of comparative advantage in the present realities of a world undergoing de-globalisation, that is, a retreat from closer integration. It presents eight arguments which analyse the theory as posited by Adam Smith and David Ricardo and which theory remains the underpinnings for trade liberalisation as regulated by the World Trade Organisation (WTO). The arguments do not contend with the role and achievements of the WTO in the era of globalisation. Rather, they call for an acknowledgement of the changing realities of countries in the face of changes in the political, economic and legal landscapes, across the globe. This is an original submission by the author.

Citation

EZEANI, E. 2018. Comparative advantage in de-globalisation: Brexit, America First and Africa's continental free trade area. Journal of international trade law and policy [online], 17(1/2), pages 46-61. Available from: https://doi.org/10.1108/JITLP-01-2018-0005

Journal Article Type Article
Acceptance Date Jan 23, 2018
Online Publication Date Mar 19, 2018
Publication Date Aug 31, 2018
Deposit Date Jan 25, 2018
Publicly Available Date Mar 28, 2024
Journal Journal of international trade law and policy
Print ISSN 1477-0024
Publisher Emerald
Peer Reviewed Peer Reviewed
Volume 17
Issue 1/2
Pages 46-61
DOI https://doi.org/10.1108/JITLP-01-2018-0005
Keywords Comparative advantage; Brexit; African Union CFTA; Trade; WTO
Public URL http://hdl.handle.net/10059/2689

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