Izvestiya of Saratov University.
ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)


division of labor

The Evolution of Classical and Neoclassical Theories of Territorial Labor Division and International Trade

Introduction. This article investigates stages of development of classical and neoclassical concepts of spatial economics. Theoretical analysis. The evolution of classical and neoclassical theories of the international division of labor and world trade reflected the objective historical conditions and tendencies: the global hegemony of Great Britain in the 19th century, the consequences of the Great Depression of 1929–1933, the global hegemony of the United States after World War II.