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.
École, étude et sujet
- Établissement
- New York University
- Cours
- Development Economics
Infos sur le Document
- Publié le
- 25 mai 2023
- Nombre de pages
- 29
- Écrit en
- 2022/2023
- Type
- Notes de cours
- Professeur(s)
- Dr kathrine
- Contient
- Toutes les classes
Sujets
-
comparative advantage
-
absolute advantage
-
balance of trade
-
tariffs and non tariff barriers