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QUESTION
The theory of comparative advantage may be applied to a country’s output. Although natural resources within a country may often provide the best opportunity for comparative advantage, certain countr
The theory of comparative advantage may be applied to a country’s output. Although natural resources within a country may often provide the best opportunity for comparative advantage, certain countries are able to specialize in technology, labor, or other comparative advantage due to various factor endowments. Investigate an example of a comparative advantage of a country which is not a natural resource and has been further augmented by additional investment in national infrastructure or education.
- Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references.
- You need to reply to at least two peer discussion question post answers to this discussion question. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.
- Use Saudi Electronic University academic writing standards and APA style guidelines.
Required
- Chapter 2 in International Economics
- Arezki, R., Fetzer, T., & Pisch, F. (2017). On the comparative advantage of U.S. manufacturing: Evidence from the shale gas revolution. Journal of International Economics, 107, 34-59.
Recommended
- Chapter 2 PowerPoint slides, International Economics
- Barciela, C. (2015). The disasters of leviathan: The economic crisis of autarky in Spain, 1939-1959. The Journal of European Economic History, 44(3), 175-199.
- Suranovuc, S. (n.d.). The Theory of Comparative Advantage - Overview.
