Paul Teysen/Unsplash 31 mai 2024 What is comparative advantage? Martin Richardson, Australian National University One common oversimplification is that it’s just about countries making and trading what they’re best at. Yes, but there’s a bit more to it.
Shutterstock 15 octobre 2020 Vital Signs: we need to make things in Australia, but not like in the past Richard Holden, UNSW Sydney There’s a strong case for more strategic local manufacturing. There’s little case for making cars and trains in Australia.
The trade deficit, and how much a country exports or imports, is only part of the story. AP Photo/Reed Saxon 4 octobre 2018 Why trade deficits aren’t so bad William D. Lastrapes, University of Georgia Americans seem to believe trade deficits are a bad thing, partly because of arguments suggesting they mean the US is ‘losing.’ An economist explains why that’s rubbish.