X hits on this document

Powerpoint document

Strategies for Global Value Added: Gains Comparative advantage - page 7 / 30

105 views

0 shares

0 downloads

0 comments

7 / 30

7

Differences in productivity and technology: The theory of comparative advantage

Absolute advantage of one industry over the same industry in another country is not the issue

Comparative advantage means that there are returns to each country specializing in certain activities

Even if a country is better at both producing clothing and computers than another country, it is still better for each to specialize a bit more in one or the other activity

Document info
Document views105
Page views105
Page last viewedSat Dec 03 12:44:59 UTC 2016
Pages30
Paragraphs227
Words1417

Comments