Prabhakar, Akhilesh Chandra and Zainal Abidin, Irwan Shah and Saha, Asish (2015) A critical appraisal of comparative advantage theory under free market crony capitalism. Investment Management and Financial Innovations, 12 (3). pp. 93-98. ISSN 1810-4967

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Abstract

This paper investigates comparative advantage theory and principle which is suggested that price of factors and commodities determined by the supply and the demand forces in free market conditions, the market forces automatically allocate resources efficiently that have the property that someone can be made better off without someone being made worse off, it means equally redistributed incomes.The paper identifies the root causes of the problems of inequality among people and between nations, and find the problem of worldwide inequality is the final outcome/product of free market and crony capitalism. The study explores theoretically, conceptually, and empirically through surveying literatures both primary and secondary sources.Finally, various policies and recommendations are highlighted.

Item Type:	Article
Uncontrolled Keywords:	comparative advantage, free market competition, crony capitalism.
Subjects:	H Social Sciences > HG Finance
Divisions:	School of Economics, Finance & Banking
Depositing User:	Dr. Akhilesh Chandra Prabhakar
Date Deposited:	17 Nov 2016 01:48
Last Modified:	17 Nov 2016 01:48
URI:	https://repo.uum.edu.my/id/eprint/19784

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