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La théorie de Smith ne permet pas d'expliquer la réalité des échanges internationaux actuels car il faut avoir un domaine d'excellence pour y participer. Tous les pays n'ont pas un avantage absolu sur la production d'un bien. Par ailleurs, cette théorie est fondée sur de nombreuses hypothèses (concurrence pure et parfaite, absence d'économie d'échelle, valeur travail...).
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