China supports the dynamism of its manufacturing sector and its advanced technological industries with an impressive ratio of ...

You can read about the free trade controversy for months and never hear about it. But in the minds of real economists, it’s there all the time, and it’s big. I’m talking about the so-called theory of ...

The theory of comparative advantage suggests that a country should specialize in production of a good or services in which it has a comparative advantage. This would mean that United States should ...

The first edition of A Concise Guide to Macroeconomics by David A. Moss was published in 2007—just as one of the world's great economic downturns was taking off. The second edition has just been ...

A comparative advantage occurs in economics, when a country can produce a good or service at a lower opportunity cost than another country. The theory of comparative advantage is attributed to ...

Comparative advantage refers to the fact that a country can produce a product with lower opportunity cost than another product and thus can focus on products and export products with even lower ...

AT the center of the neo-liberal or Washington Consensus doctrine is the theory of comparative advantage. The theory asserts that countries perform best in the world market if they promote industries ...

This is a preview. Log in through your library . Abstract Most of the literature on international trade under uncertainty has focused on technological uncertainty. The present paper, in contrast, ...

Free trade is an economic theory that involves the analysis and function of importing and exporting goods without restriction. Many nations engage in free trade to ensure their citizens have enough ...

I think we will all happily take, as a sterling standard of impossibility, the idea of my ever winning a Nobel in anything. Even the Peace Prize which has been offered to some pretty odd people over ...