Macroeconomics 6: Trade & The Better Life
Planet Money Summer School
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Comparative Advantage in Trade
"Our industry also helps lift people out of poverty," he says. Columbia doesn't have an absolute advantage in making tea shirts any more, because its wages have grown. The line that stuck out to me was when they our industry follows poverty, which i think is right, but is also incomplete." "It might be the case that you would make these teashot supersube cheaply... But the question is what s could you be doing with your resources?"
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