Although a bit ethnocentric in the approach, it’s becoming increasingly important to consider the implications of dollar depreciation in the global economy. I say this not simply because I’m a citizen of the United States, but because this trend is becoming pronounced enough to warrant specific commentary. And certainly I’m not the only person speaking [...]
Archive for the ‘International Strategy’ Category
more...The Theory of Comparative Advantage – Ceteris Paribus Does not Apply
September 1st, 2009 by Eric Lind
One of the first ideas International Business students encounter is the Theory of Comparative Advantage, introduced by Robert Torrens in 1815, and later codified by economist David Ricardo in 1817 in his book “The Principles of Political Economy and Taxation“. To explain Comparative Advantage, one must first understand Absolute Advantage, which essentially says that a [...]
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