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Geographical analysis of comparison advantage of Nam Dinh province on its way to develop craft village

MONday - 29/09/2014 22:42

Today, theory of comparison advantage is not only applied for International Trade but also for other regions of a nation similarly. In the aspect of geography, the team made a study and realized the outstanding comparison advantage of Nam Dinh for developing craft village. These advantages are shown in suitable geographical location, young and rich resource of labor, skills acquired from ancestors, a capacity to learn quickly together with a big market for craft village’s products. Resource of Nam Dinh is ideal for developing village of food and textile industry. On the same way, comparision advantage of Nam Dinh prevails in infrustructure, in facilities, in technology, in investment capital and in province’s policy for development of craft villages. Coming from this analysis, comments and evaluation, this team has edited a map of comparison advantage contributed to stable development of Nam Dinh’s economics.

Author: Pham Hoang Hai, Nguyen Thi Quy Hoi

Source: 7th National Conferences on Geography, Thai Nguyen University, 2013

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