Costs and opportunities (Macro)
Niche Specialization (1/30/2007)
Niche comparative advantage in location proximity and fast response time could overcome the disadvantage of high wages in the garment industry.
Keywords: Abboud, comparative advantage, fix-it, garment, import, location, niche specialization, outsourcing, productivity, quick response, rapid response, repairs, shipment, shipping, specialization, suit, transportation, wages
The Case for Sweatshops (1/23/1999)
Sweatshops in low wage countries supplying goods to American companies may offer better paying jobs than other local firms.
Keywords: free trade, low wage labor, morality, sweatshops, trade
Who Has Comparative Advantage? (11/2/2011)
Comparative advantage in a two-goods, two-workers economy can be identified easily by comparing the relative slopes of their linear production functions.
Keywords: comparative advantage, PPC, PPF, production function, production possibilities curve, production possibilities frontier