THE NIGERIA EDUCATION WITH REGARDS TO IT’S PHILOSOPHY, EDUCATIONAL POLICY, IMPLENTATION OF THE POLICY AND RESULT

Abstract

Changes in comparative advantage should reflect changes in factor endowment, but increasingly, changes in trade policies also affect a region’s trade performance. Based on the arguments in Balassa’s stages of comparative advantage thesis, this paper looks at the comparative cost advantage empirical evidence from Asia. Although the RCA measurement may not distinguish between the factor endowments effects from the trade policy effect, i argue that RCA measures provide indication on the movement in a region’s comparative advantage. The evidence strongly suggests that despite the strong export performance experienced by Asian economies, they are losing their comparative advantage to the lower-tier economies in Southeast Asia and East Asia.

Key words: International Trade; Revealed Comparative Advantage; Manufacture Exports