Comparative advantage is the economic principle that an individual, firm, or nation faces a unique set of advantages and disadvantages relative to others in its production of particular goods and ...

Discover how absolute and comparative advantage influence global trade, highlighting real-world examples and implications for economic decision making.

With newly available data, I investigate to what extent countries' international trade exploits the very uneven water resources on a global scale. I find that water is a source of comparative ...

A March poll, for example, showed that more than two-thirds think the U.S. should take steps to reduce the trade deficit with China, even if a resulting trade war drives up consumer prices. That's in ...

The linkages between industrial policy and trade policy are explored in this article. The experience of various developed and developing countries is cited, with particular emphasis upon ASEAN. The ...

Forbes contributors publish independent expert analyses and insights. Sarah Williamson covers capital markets and long-term strategies. In a competitive marketplace, businesses need to know their ...

This article is a wonky edition of Paul Krugman’s free newsletter. You can sign up here to receive it. For many of us, Chad Bown of the Peterson Institute for International Economics — a boutique ...