Development Economics
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.
Escuela, estudio y materia
- Institución
- New York University
- Grado
- Development Economics
Información del documento
- Subido en
- 25 de mayo de 2023
- Número de páginas
- 29
- Escrito en
- 2022/2023
- Tipo
- Notas de lectura
- Profesor(es)
- Dr kathrine
- Contiene
- Todas las clases
Temas
-
comparative advantage
-
absolute advantage
-
balance of trade
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tariffs and non tariff barriers