In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage.


Chapter 3, Trade, p. 102 - The Economic Illusion (1984)


In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor...

In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor...

In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor...

In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor...