Handout: Trade and the Division of Labor
J. Bradford DeLong
U.C. Berkeley
January 16, 2006
- Examples of the division of labor
- Within Berkeley
- Beyond Berkeley but within California
- Beyond California but within the United States
- Beyond the United States
- Importance of the division of labor
- Allowing for the application of skill-intensive production processes
- Allowing for the application of capital-intensive production processes
- Allowing for the application of technology-intensive production processes
- Providing incentives:
- For investment in skills
- For investment in capital--saving
- For investment in technology--research and development
- How important is the division of labor beyond the United States?
- Intra-industry trade: narrow specialization
- Intra-industry trade: competition
- As spur to efficiency
- As reducer of profit margins
- Trade based on factors of production
- Resources as a source of trade
- Wealth as a source of trade
- Poverty as a source of trade
- Comparative advantage
Comments