Posts Tagged ‘comparative advantage’

  • Globalization Panama Canal Transportation Infrastructure

    B(T)FF… Best Trading Friends Forever

    Feb 27, 14 • 561 Views • No Comments

    We can say that Mexico believes her top trading partner is the United States because the value of her exports to the US (2013: $370,826,831) added to the value of her imports from the US (2013: $370,746,056) is exceeded by none of her other trading...  [read more]

  • Economic Geography British Coastline Mandelbrot

    One Reason That Geography Matters

    Jan 5, 14 • 1343 Views • No Comments

    Have you ever looked closely at Japan and the United Kingdom? Described by geographer Jared Diamond in a fascinating podcast, they look remarkably similar. Today Japan and the British Isles are modern industrial societies.  Both are north/south archipelagos...  [read more]

  • New Year's Resolution Top Ten Ways to Sound Like Economist

    Top Ten Ways to Sound Like an Economist

    Jan 1, 14 • 885 Views • 2 Comments

    You might find it handy sometimes to sound like an economist. Here are the top ten ways: 1. Whatever the question, always answer, “There’s no such thing as a free lunch.” 2. Defend a decision by declaring, “It was worth the opportunity...  [read more]

  • women's history housekeeping

    The Reason Female Scientists Do Housework

    Dec 9, 13 • 532 Views • No Comments

    Nobel laureate Carol W. Greider was doing the wash when her early morning call came from Stockholm. A study from the Organization for Economic Cooperation and Development (OECD) compared unpaid household work in 29 countries. Predictably, they concluded that...  [read more]

  • Ukraine and International Trade

    Ukrainian Economics

    Dec 6, 13 • 999 Views • No Comments

    Fewer bottles of kodrinskoie-sparkling will be served at Russian holiday celebrations. Declaring that Moldova’s exports no longer met its food quality standards, Russia has blocked Moldovan wine exports. In the past, Ukrainian cheese and chocolate have...  [read more]