Posts Tagged ‘comparative advantage’

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    Threatening the Life of a T-Shirt

    May 31, 10 • 86 Views • Economic Thinkers, International Trade and FinanceNo Comments

    A typical t-shirt starts as cotton in Texas. Traveling by truck or train to California, it continues moving westward until it reaches China. In China, the cotton becomes yarn which is made into cloth which is made into  a t-shirt. With a “made in...

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    Ricardo and China

    Mar 18, 10 • 106 Views • Developing Economies, Economic Thinkers, International Trade and Finance, Thinking EconomicallyNo Comments

    What happens when you build an airport and nobody uses it?  China has an answer. Although China faces underutilization as it develops its transportation infrastructure in the air, by rail and roads,  it seems to be continuing. China’s...

  • The Visible and the Invisible

    Feb 6, 10 • 94 Views • Thinking EconomicallyNo Comments

    Supporting free trade in 1978, Milton Friedman (1912-2006) referred to...