Complete specialization


 

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Complete specialization

1. Non-production of some of the goods that a country consumes, as in definition 2 of specialization. 2. Production only of goods that are exported or nontraded, but none that compete with imports. 3. Production of only one good. 4. Being the only country in the world to produce a good.



Similar Matches

Intra-product specialization

Intra-product specialization

Another term for fragmentation. Used by Arndt (1997).


Vertical specialization

Vertical specialization

Another term for fragmentation. Used by Hummels, Rapoport, and Yi (1998).


Incomplete specialization

Incomplete specialization

Production of goods that compete with imports.


Specialization

Specialization

1. Producing more than you need of some things, and less of others, hence "specializing" in the first. In international trade, this is just the opposite of self-sufficiency. 2. Doing less than everything, as when a country produces fewer different goods than it consumes. In a 2x2 trade model, this means each country produces just one good. With many goods and countries, it means each country has some goods that it does not (and cannot competitively) produce. Also may be called complete specialization.


Pattern of specialization

Pattern of specialization

Which goods a country produces and which it does not produce.




 
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