International Division of Labor

Many contemporary explanations of economic events date back to the classical economics of Adam Smith and David Ricardo, subjected to critical analysis of Karl Marx, and supplemented by John Mill, Alfred Marshall, and Vladimir Lenin.

In the 18th century Adam Smith put the concept of division of labor as a key to economic development and expressed the idea that the harmonious development of economy is possible if it is guided by the invisible hand of the market. In the early 19th century, David Ricardo developed the theory of comparative costs. Their ideas have also influenced on contemporary theories about the nature of economic processes. It is assumed that the development of means of production and labor organization, differentiate different types of labor. On this basis, the economy is divided into key sectors such as agriculture, construction, services, communications, etc.

Division of labor is associated by most Washington D.C. Translation workers with specialization in various governments and organizations. When the development of trade goes beyond the countries’ economies, this leads to international division of labor. At its base is the theory of comparative advantages, according to which a country or region should specialize in production and export of those goods for which there are comparative advantages compared to other countries and to import those goods for the production of which other countries have comparative advantages. All countries should benefit from this specialization.

The mentioned translators at French Translation Philadelphia think that the production of each commodity requires a combination of natural resources, capital, labor, technology, etc. These are distributed unevenly around the world and so it is easy to calculate the comparative advantages and to take purposeful specialization.

The actual division of labor is obtained from the complex and dynamic interaction between / among different strategies of behavior between countries in the world economy. They can lead to cooperation or to rivalry and conflicts. Cooperation strengthens internationalization, manifested in the form of integration and globalization.