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.
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.
Chapter34: World Trade Equilibrium
Section: Chapter Questions
Problem 9E
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