Log-in to bookmark & organize content - it's free! The House Agriculture Committee hears testimony on how food production would be affected by the adoption of a North American Free Trade Agreement, ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Had China followed the tenets of the static "comparative advantage" theory of international trade, it would have tried to specialize in low-skill, labor-intensive basic mass-industrial goods as its ...

Nations are almost always better off when they buy and sell from one another If there is a point on which most economists agree, it is that trade among nations makes the world better off. Yet ...

A comparative advantage occurs in economics, when a country can produce a good or service at a lower opportunity cost than another country. The theory of comparative advantage is attributed to ...