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2008

comparative advantage

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Why Trade?

By Rajesh Subramaniam on December 12, 2008

Tags: 
  • Access
  • comparative advantage
  • free trade
  • trade

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If you’re like me, you have a long shopping list this holiday season.  But have you ever stopped to think where the products you purchase come from? Chances are, those flowers you ordered online came from flower farms in Latin America.  The hand-crafted bracelet you bought in a department store could have come from Bali or even India. This is not just a sign of the times.  Over the past three centuries, the levels of access people have had to goods, services and even each other has risen dramatically.
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