a) Explain, in your own words, the idea of comparative advantage and why it creates an argument for free trade. b) You are hired as a consultant to a developing nation. Very briefly outline a strategy for attracting FDI and entering into GVCS.

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter34: World Trade Equilibrium
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Please answer both this is a simple short question
a) Explain, in your own words, the idea of comparative advantage and why it creates an
argument for free trade.
b) You are hired as a consultant to a developing nation. Very briefly outline a strategy
for attracting FDI and entering into GVCS.
Transcribed Image Text:a) Explain, in your own words, the idea of comparative advantage and why it creates an argument for free trade. b) You are hired as a consultant to a developing nation. Very briefly outline a strategy for attracting FDI and entering into GVCS.
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