Group items tagged

This article is about India cautioning the developed world against protectionist methods that prevent developing nations from engaging in specialization and taking advantage of comparative advantage.

This article is about Brazil's desire to buy fighter planes and other military vessels from France. This relates to this week's topic because France has an absolute advantage when it comes to military machines, so Brazil wants to purchase them.

This article is about the UK's record high trade deficit. This means that it imports more goods and services than it exports. This is because it does not hold a comparitive advantage in any production; it is cheaper to import, and have someone else produce a good, than it is to keep production at home.

The objective of this article is to describe how the transformation of the trade and industrialization regime is taking place in Ecuador and what are the systemic factors which condition the realization of this transformation. A long-run perspective of economic policy and growth in Ecuador (considering the whole of the twentieth century) reveals that growth has been relatively fast compared to other countries in the region, with exports as the driving force of that growth

Japan who specializes in the manufacturing of high-tech electronics is in a desperate need for rare earth metals. However, in the recent border disputes over an island located between the two countries, China had halted the shipment of the exotic metals.

American politicians are hoping for concessions on currency rates from China at talks this week. They believe that the Chinese government controls its exchange rate to keep its currency artificially weak, giving Chinese exporters an advantage.

This article is about the recent meeting between US President Obama and Chinese President Hu Jintao. One of the topics of discussion was the Chinese currency. America believes that the yuan is devalued to give China an advantage in trade.