The institutional approach about of the international trade in counterpoint to theory of the comparative advantages: the japanese system of innovations

Abstract

The present work analyzes the institutional vision regarding the participation of a nation in international trade - and the impact that changes in long-term institutional end up taking on the global technology leadership in counterpoint the Theory of comparative advantage - when dealing this issue. The argumentation advocated here, based on a history / bibliographical research, it is that the institutional view can give a consistent answer to explain the changes in recent decades in the position of countries like Japan, for example, while players in the arena of international trade in high value-added products. This occurs due to the fact of the Institutional Economics take account the diversity of factors that affect the performance of a nation, like for example, the investment in education.