The comparative advantage of the United States was not as great among 9th graders, where 52 to 55 percent of U.S. students meet or exceed the OECD average.
And defying to the perception of the UK as the only key innovator for the social economy (no doubt in part due to the comparative advantage of the English language as the global transmitter of ideas, compared to French or German), continental Europe is emerging as an innovation space for the new role of government in social entrepreneurship.
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The shared value economy is shifting us away from only thinking about assets, capital and traded goods to repositioning capitalism for what the law of comparative advantage originally intended: The holistic betterment of society.
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John Goodman and my colleagues at NCPA have the comparative advantage on those topics.
My reasoning is that we should focus on producing goods we have the comparative advantage in things like junk food, computer programs, and bad pop music.
It is not overstating the case to suggest that the technologies being explored in the NASP program are likely to be determinative of future comparative advantage in the aerospace industry.
The more transparent an economy becomes, the more David Ricardo's 19th-century law of comparative advantage rules the day.
It may be the least efficient at everything, but it will still have a comparative advantage in the industry in which it is relatively least bad.
The push is still in focusing on comparative advantage, doing the value-added thing you do best.
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According to Ricardo's theory, both countries will be better off if each specialises in the industry where it has a comparative advantage, and if the two trade with one another.
And the Island of Sodor has a major comparative advantage: they have the best artificial intelligence researchers in the world.
Today, there is a growing recognition that in the 21st Century the only comparative advantage is temporary.
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Even Thailand, with a clear comparative advantage in the pleasure industry, will get lifted, not by tech, but by the Asian vacationer.
Question: are you admitting that the concept of comparative advantage is necessary to vindicate free trade?
At first blush, real-world trade patterns would seem to challenge the theory of comparative advantage.
But they do not overturn the fundamental insight of the theory of comparative advantage.
In essence, the theory of comparative advantage says that it pays countries to trade because they are different.
The Law of Comparative Advantage was discovered by David Ricardo about 200 years ago, before there were rockets.
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Free trade is built on the law of comparative advantage: everyone benefits when everyone can offer what they do best and most efficiently.
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Just as MarketMind says the law of comparative advantage has never been so appropriate, so I say that mass union disruption is a practice that will cost, not save jobs.
They argue that many poor countries wrongly base their development strategies on the principle of comparative advantage (which holds, for instance, that tropical islands should grow bananas and pretty countries promote tourism).
For starters, the idea that value creation is a one-way street from the top to the bottom is not just offensive, but it ignores the principle of comparative advantage, a key breakthrough in market theory.
Ricardo would recognise the blessings of comparative advantage.
The problem, and this explains your firing, is that your musings reveal a shocking lack of knowledge about how rich and poor economies work, the purpose of currencies, and the role of comparative advantage in lifting all economic boats.
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Colombia's rice growers and poultry farmers look to be on the wrong side of comparative advantage.
Then came the commercial Internet, the greatest window into comparative advantage ever invented.
The New York government is counting on Niagara Falls to provide the area with a comparative advantage in competing with foreign producers.
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Surely, some unique comparative advantage will come to the fore.
The City's comparative advantage is clear from Britain's trade balance.
Even if an executive is a better typist than his secretary, it pays him to hire her to do his typing, because that frees up his time for work in his area of comparative advantage: helping run the company.
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