Simon Evenett, (2017), “Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century”, VoxEU, 6 December
Two hundred years ago, with a simple yet profound example about England trading cloth for Portuguese wine, David Ricardo introduced the Principle of Comparative Advantage. In this eBook, leading trade policy analysts examine whether Ricardo’s insights remain valid in a world where services as well as good cross borders as does data and technology, where there is a rising China whose growth is heavily dependent on exports, and in the face of a backlash against globalisation.
Relevant Posts
- Sebastian Diessner , (2017), «The macroeconomic consensus underpinning EMU is shifting.Could it pave the way for a completion of the Eurozone?», EUROPP LSE, 13 December
- Papaspyrou, Theodoros, S., (2017), «A new approach to governance and integration in EMU for an optimal use of economic policy framework – priority to financial union», Bank of Greece Working Paper 229, June