Explore how comparative advantage affects trade, contrasts with absolute advantage, and guides nations in maximizing economic ...

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 ...

Recent empirical studies of the determinants of multinational activity across countries have found overwhelming support for a horizontal rather than a vertical model of foreign direct investment (FDI) ...

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, ...

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 ...

DURING the 1990s, the concept of comparative advantage served as the economic foundation for agricultural production, guiding the cultivation of crops and livestock. At the time, economists emphasised ...

As a trade economist, I was surprised to learn from Michael Pettis’s article (“No, trade surpluses aren’t caused by comparative advantage”, FT Alphaville, FT.com, May 28) how poorly we economists ...

Economist Laurent Augier recalls that a 2004 article by Nobel Prize-winning economist Paul Samuelson anticipated a situation in which the theory of comparative advantages, the 'doxa' of globalization, ...

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 ...

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 ...