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 force will work for the lowest wage.
Chapter 3, Trade, p. 102 - The Economic Illusion (1984)