http://www.ft.com/cms/s/d7692fa0-3b26-11dc-8f9e-0000779fd2ac.html
Would the author be able to convincingly show how comparative advantages can be 'created'?
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
![TOPlist]()
This blog deals with recent economic, economics, and political economy developments in Central Europe (so far predominantly with Slovakia and the Czech Republic). Feel free to contribute with your own posts! Send your texts to: michal.lehuta@gmail.com, and you will get an invitation with access rights.
Facebook Badge
Important pages
Michal Lehuta's shared items
Posts
Contributor Profiles
Followers
Books we currently read
- Michal: Robert Wright - Nonzero. The Logic of Human Destiny.
- Jakub: Jared Diamond:Guns, Germs, and Steel Paul Johnson: The Birth of the Modern Metheny, Mehldau: Metheny/Mehldau
2 comments:
If comparative advantage was wrong policy concept, then, we would probably live in autarkies with undeveloped monolitical economies, without progress.
It is not ideology, if you make 3 times more cars than I do, and you are 7 times better in producing computers, it is still better for you, to buy cars from me.
sorry but your comment misses my criticism of 'creating' comparative advantages.. what Juraj had in mind in my opinion was investments in industries with a lot of spillover or network effects that, compared to an industry with a market failure, can (at least in theory) develop a comparative advantage over time..
Post a Comment