Comparitive and Absolute Advantage
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Globalization's Winners and Losers: Challenges for Developed and Developing Countries - GeorgetownX - INFX523-01
In this video, Professor Moran discusses comparative and absolute advantage. He addresses the following key question with examples: What is the difference between absolute and comparative advantage?Learning Objective: Differentiate between absolute advantage and comparative advantage in the contemporary era.Learning Objective:Determine what traditional theories of comparative advantage and newer theories of trade-and-investment tell us about whether globalization is a zero-sum phenomenon between developing and developed countries.Learning Objective: Articulate the elements of classic and modern trade theories, including comparative advantage, absolute advantage, opportunity cost, and intra-industry trade with product differentiation.
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WEEK 2 - Supply Chains, Trade and Investment
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Moran, Theodore (Georgetown University, 2013-10-24)Globalization's Winners and Losers: Challenges for Developed and Developing Countries - GeorgetownX - INFX523-01