Class notes
Development Economics
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Uploaded on
25-05-2023
Written in
2022/2023
Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries, or more expensive domestically. The importance of international trade was recognized early on by political economists such as Adam Smith and David Ricardo. Still, some argue that international trade can actually be bad for smaller nations, putting them at a greater disadvantage on the world stage.
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Institution
New York University
Course
Development Economics
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Written for
- Institution
-
New York University
- Course
-
Development Economics
Document information
- Uploaded on
- May 25, 2023
- Number of pages
- 4
- Written in
- 2022/2023
- Type
- Class notes
- Professor(s)
- Dr mount
- Contains
- All classes
Subjects
- tradebarriers
- imports and exports
-
absolute advantagecomparative advantage
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