You just overheard your friend say the following: Poor countries like Malawi have no absolute advantages. They
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You just overheard your friend say the following: “Poor countries like Malawi have no absolute advantages. They have poor soil, low investments in formal education and hence low-skill workers, no capital, and no natural resources to speak of. Because they have no advantage, they cannot benefit from trade.” How would you respond?
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I would respond to my friends statement by addressing several points and providing a more nuanced perspective on international trade and economic deve...View the full answer
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