Search results for: “comparative advantage”
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Comparative Advantage
International Trade Meaning and Definition of Comparative Advantage Meaning of Comparative Advantage A comparative advantage exists when a nation or economic region is able to produce a product at a lower opportunity cost compared to another […]
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Comparative Advantage
International Trade Meaning and Definition of Comparative Advantage Meaning of Comparative Advantage A comparative advantage exists when a nation or economic region is able to produce a product at a lower opportunity cost compared to another […]
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Competitive Advantage
Competitive advantage in Global Commerce Policy In this regard, competitive advantage is: a contentious theory of industrial development popularized by Michael Porter and others in the Competitive Advantage of Nations. The origins of the theory itself appear to go back to the economist Alfred […]
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Absolute advantage
A term in economics, especially common in the language of international trade. A country or region is said to have an absolute advantage over another when it can supply gooods or services more cheaply. For instance, Honduras has an absolute advantage over Switzerland in the […]
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Advantages
Absolute And comparative Advantages Resources See Also Marketing Further Reading Absolute And comparative Advantages in the Encyclopedia of Business and Finance, 3rd Edition, Macmillan Reference USA, 2014
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Coordinated Market Economy
See Also Governance Coordination Liberal Market Economy Network Political Economy Further Reading Hall, P., & Soskice, D. (2001). Varieties of capitalism: The institutional foundations of comparative advantage. New York: Oxford University Press. Hall, P., & Soskice, D. (2003). Varieties […]
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Infant-industry Argument
Infant-industry argument in Global Commerce Policy In this regard, a definition of this issue is as follows: this argument proposes that if a given industry with a potential comparative advantage was accorded protection, usually in the form of tariffs, subsidies, local content requirements, […]
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Infant-industry Argument
Infant-industry argument in Global Commerce Policy In this regard, a definition of this issue is as follows: this argument proposes that if a given industry with a potential comparative advantage was accorded protection, usually in the form of tariffs, subsidies, local content requirements, […]
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Unctad
Unctad Notion of Unctad The meaning of Unctad may be as follows: United Nations Conference on Trade and Development: formed 1964: first Secretary General Raul Prebisch: called for reform of system of international trade based on liberalism and comparative advantage, in order to assist […]
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Unctad
Unctad Notion of Unctad The meaning of Unctad may be as follows: United Nations Conference on Trade and Development: formed 1964: first Secretary General Raul Prebisch: called for reform of system of international trade based on liberalism and comparative advantage, in order to assist […]
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Dumping
International Trade Meaning and Definition of Dumping Meaning of Dumping Exporting/Importing merchandise into a country below the costs incurred in production and shipment. Related Entries of Dumping in the […]
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Benefits Of Trade
Benefits of trade in Global Commerce Policy In this regard, benefits of trade is: refers to benefits different to the ones postulated in the gains-from-trade theory which states that two countries with different price structures will get better economic returns if they trade with each other […]
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Benefits Of Trade
Benefits of trade in Global Commerce Policy In this regard, benefits of trade is: refers to benefits different to the ones postulated in the gains-from-trade theory which states that two countries with different price structures will get better economic returns if they trade with each other […]
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Self Reliance
Resources Legal English Vocabulary: Self Reliance in Spanish Online translation of the English legal term self reliance into Spanish: autosuficiencia (English to Spanish translation) . More about legal dictionary from english to spanish online. Related to the Legal Thesaurus
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Gains-from-trade Theory
Gains-from-trade theory in Global Commerce Policy In this regard, a definition of this issue is as follows: that part of the theory of international economic relations which demonstrates that two countries with different price structures are maximizing their economic returns if they trade with […]