A practical and accessible guide to understanding the Theory of Comparative AdvantageThe motto of the Theory of Comparative Advantage formulated by David Ricardo is: specialize to rule. In fact, as we all live in different environments, wouldn’t it be appropriate to develop in the sector in which we are the most productive? What are the main dangers of this approach, what are the consequences on international trade? This book will help you to:• Master the notions of absolute and relative advantage rapidly• Specialize in producing goods or services for which you have the strongest, or least weak productivity compared to others. • Understand which are the strengths underlying the interactions of free trade at work within International trade.• And much more!The Word from the Editor:« With the author, Jean Blaise Mimbang, we wanted to present the pertinence and the dangers of this David Ricardo’s approach. In fact, the theory of comparative advantage constitutes a great tool to explain and justify free trade, nevertheless its application may also be abusive and encourage unequal trade. »Juliette NèveREGARDING 50MINUTES | Management & MarketingThe series Management & Marketing from the collection 50MINUTES provide the tools to understand rapidly many theories and concepts that shape today’s business world. We have designed this collection thinking of professionals who need educate themselves continuously in economics, management or marketing. Our authors combine elements of theory, case studies and numerous practical examples to enable readers to develop their skills and expertise.
