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Helmuth Yesid Arias Gómez, Gabriela Antosova (2020/4, Articles,
Regional Specialization in the Colombian Manufacturing Industry: A New Economic Geography Approach
The New Trade Theory(NTT) and New Economic Geography (NEG) explain production specialization of countries or regions by benefits stemming from economies of scale, which are available even when trade partners are in similar economic conditions and with even resource endowments. Conversely, the traditional trade theory relies on comparative advantages that emerge from differences in (...)
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