It has a comparative advantage in producing specialist goods that require a global market.
In that case, no country would have a comparative advantage, and hence there would be no trade.
Even if developing countries were cheaper producers of everything under the sun, they could not have a comparative advantage in everything.
The New York government is counting on Niagara Falls to provide the area with a comparative advantage in competing with foreign producers.
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The ugliest of these pigeonholes suggests a comparative advantage, anyway: to be thought to tap-dance well implies that you can, at least, do that.
It may be the least efficient at everything, but it will still have a comparative advantage in the industry in which it is relatively least bad.
Just as trade delivers overall gains to developed economies by allowing them to specialise in activities in which they have a comparative advantage, so does offshoring.
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Since winning power, Mr Blair seems to have concluded that war is something in which Britain has a comparative advantage that can be turned to diplomatic advantage.
As emerging economies become richer, they will want more of all sorts of services, including sophisticated ones where countries like America and Britain retain a comparative advantage.
And even if a country were the most efficient in every industry, giving it an absolute advantage in everything, it could not have a comparative advantage in everything.
Suppose Bangladesh firms have a comparative advantage in sewing garments.
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Traditional trade theory, based on the ideas of David Ricardo, a 19th-century economist, argues that economies gain from trade by specialising in products where they have a comparative advantage.
According to Ricardo's theory, both countries will be better off if each specialises in the industry where it has a comparative advantage, and if the two trade with one another.
So Luxembourg has to hit the highest per capita target in the EU. It makes sense for it to do so by trading its renewable obligations with those countries which have a comparative advantage in producing green energy.
But later on it will benefit from the technical advances of countries with a comparative advantage in faster-growing industries, which will give it better computers, more advanced drugs and so forth than if every country had tried to make everything for itself.
And the Island of Sodor has a major comparative advantage: they have the best artificial intelligence researchers in the world.
If another country has a comparative cost advantage, we gain from exchanging such products for those we produce relatively more efficiently.
This worry assumes that a country's comparative advantage is static, so that a country that grows bananas today will inevitably grow bananas in 20 years' time.
But in a world of comparative advantage, there are many avenues to prosperity.
If a country's comparative advantage lies in slow-growing, traditional industries, it may cut back its production in other, faster-growing industries, so its growth rate may fall.
It is impossible for a country to have no comparative advantage in anything.
Comparative advantage is a different animal from absolute advantage.
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For starters, the idea that value creation is a one-way street from the top to the bottom is not just offensive, but it ignores the principle of comparative advantage, a key breakthrough in market theory.
In fact MarketMind believes that the ability to move billions of dollars in an instant, with a mouse click actually implies that comparative advantage is alive and well.
This is interesting, as Fishman notes, because it suggests that the rush to offshore over the last decade may be more of a fad than the result of immutable laws of comparative advantage.
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Today, there is a growing recognition that in the 21st Century the only comparative advantage is temporary.
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While international trade moves our jobs into more productive activities, takes advantage of our comparative advantage, makes our labor force as a whole more productive, it does not necessarily create more jobs than it destroys in the short term.
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For a start, it is important not to confuse absolute and comparative advantage.
Modernizing agriculture will ensure that regardless of the weather pattern, we will still be able to produce food at a level that satisfies global demand and take advantage of our comparative advantage to increase our revenues by diversifying our markets globally.
Not much, unless you want to use pogo sticks to illuminate a concept, broadly accepted by most of humanity, known as comparative advantage.
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