Author(s)

Xiaoming Qiao

Corresponding Author

Xiaoming Qiao

Abstract

Given the problem in China's economic development, the comparative advantage or competitive advantage has been debated in the academic circle. This paper tries to draw a basic conclusion from the relationship between the two theories. The theories of comparative advantage and competitive advantage are not completely opposed, which are differentiated and complementary. Therefore, the two theories should be applied in the formulation of China's economic development strategy simultaneously to give full play to the existing comparative advantages and cultivate new competitive advantages. Only in this way can the international competitiveness of China be continuously improved.

Keywords

Comparative advantage, Competitive advantage, Relationship, Economy development.