Comparative advantage is the economic principle that an individual, firm, or nation faces a unique set of advantages and disadvantages relative to others in its production of particular goods and ...

We construct a dynamic, two-country model of trade and growth in which endogenous technological progress results from the profit-maximizing behavior of entrepreneurs. We study the role that the ...

Kennedy, Robert E., and Nancy F. Koehn. "Economic Gains from Trade: Comparative Advantage." Harvard Business School Background Note 796-183, June 1996. (Revised November 1996.) ...

Economic and Political Weekly, Vol. 11, No. 5/7, Annual Number: Limits of Export-Led Growth (Feb., 1976), pp. 143-145+147+149+151+153+155+157-158 (10 pages) Over the last 150 years, there has been an ...

Is that progress? If we consider that the transformation of the ape into “homo sapiens” took millions of years, the period from Antiquity to our present day is far too short to allow for evolution. No ...

East Asia's successful economies have achieved astonishing economic growth through export-driven development. They have exploited their comparative advantage of having an abundance of lower-skilled ...