ABSTRACT
A strong disatisfaction with the conception and policy prescriptions regarding competitive advantage put forward by the mainstream approach is the general stimulus stirring the present work. Essentially, in this approach, economic policy prescriptions aiming at enhancing the competitive advantage of economic systems are mainly based on two intertwined foundations: equilibrium in a labour market shaped by wage competition and ubiquitous predominance of the comparative advantage principle. In fact, most of the liberalization and privatization strategies as well as ‘structural reform’ policies have been conceived and implemented within this analytic scaffold.
