Comparative advantange and competivtive advantage

Discuss the difference between comparative advantage and competitive advantage with reference to beer pricing. Corona is priced higher is the U.S. than Mexico, however American beer is priced higher in Mexico than in U.S.

Globalization and Proponents

“Time” magazine, Canadian edition, has recently published an article on the Danish economy titled “Why Denmark Loves Globalization”, November 15th, 2007. (a) Discuss the features of the Danish economy (such as population, GDP/capita, main exports/imports, social services provided, size of government, etc.) and why the Danes overwhelmingly support globalization and job outsourcing. (b) The manufacturing (especially textile) industries in Quebec (and Ontario) have suffered in recent years due to more Chinese/Indian textile imports as well as the strong Canadian dollar. Discuss the features of the Quebec economy (such as population, GDP/capita, main exports/imports, social services provid... click for more

Agricultural subsidies

“Time” magazine, Canadian edition, has recently published an article on U.S. agricultural subsidies titled “Why our Farm Policy is Failing”, November 2nd, 2007. (a) Examine the GATT/WTO regulations concerning agricultural subsidies (origins, implementation, existing subsidy values). (b) Discuss why the US farm policy is failing. (c) Why were the WTO 2005-6 meetings a failure? What were the main issues and reasons?

International trade

The company you work for is expanding its business and would like to begin to trade with another country. Go to 2003 National Trade Estimate Report on Foreign Trade Barriers for specific country information. The URL for this link is: http://www.ustr.gov/assets/Document_Library/Reports_Publications/ 2004/2004_National_Trade_Estimate/2004_NTE_Report/asset_upload_file231_4191.pdf Choose one country for analysis. What type of trade restrictions does this country use? Who will benefit from these restrictions? Who might lose?

International trade question

Question: Using the specific-factors model, explain why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country.