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By Kimmo Kiljunen

The advance of industrialization and its influence at the foreign department of labour is the following thought of first by way of monetary idea after which through a case-study of Finland, representing a semi-peripheral economic system within the worldwide financial system. the 1st major part units out these components of present financial thought which appear to be most valuable in explaining structural alterations within the overseas department of labour; the second one part investigates the expansion of Finnish industrialization and its particular development of overseas specialization. as the total structural features of Finnish industrialization method and international exchange nonetheless have a few similarities to these of much less built nations (LDC'S), 3rd international industrialization is probably aggressive; the paper concludes that during semi-peripheral economies there's a desire for a far-reaching restructuring coverage to maintain total commercial competitiveness with regards to trade-related aggressive shifts on the earth financial system.

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But strueturalists elaborate a theory of dynamie comparative advantage by stressing that the role of produetion factors can not be abstracted from the overall soeial and economie development and external relations of a eountry (see for example, Helleiner, 1981 and Kiss, 1971). Faetor endowment is not fixed, but is itself a product of socio-economie development, including past and present trade Towards a Theory 0/ International Division 0/ Labour 19 relations, international movements of capital and labour as weil as policy intervention.

4 Dependeney Approach The core-periphery conceptualisation used by structuralist theories expresses an unequal relationship between different economies: the core countries benefit from international trade, whereas the peripheries suffer, and thus the world economy is characterised by uneven development. The dependency school,I8 on the other hand, has gone one step further - a step al ready indicated by Myrdal - by arguing that the concepts of core and periphery involve more than a simple idea of initial differentiation and the consequent external constraints; it is maintained that they gradually took shape due to the same historical process of expansion by way of 'backwash effects' of core economies.

Clear quantitative measures of the cutoff points that demarcate the semi-periphery from the core at one end and the periphery at the other have not yet been established. 30 Whatever criterion of semi-peripherality one is using, the result has been a heterogeneous group of countries. In Wallerstein's analysis the semi-periphery includes a wide range of countries differing in economic strength and political background. It includes the more advanced and stronger nations in the Third World (for example, Brazil, Mexico, Argentina, Aigeria, Egypt, Saudi Arabia, Israel, Turkey, Iran, India, China, Korea), the Second World (most of Eastern Europe) and semi-industrialised economies in the First World (the white Commonwealth: Canada, Australia and New Zealand as weIl as South Africa; and the whole outer rim of Western Europe: Greece, Italy, Spain, Portugal, Norway and Finland).

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