Project #162304 - question 3

General Tutors

Subject General
Due By (Pacific Time) 01/15/2017 12:00 am

International economics is dominated by the idea of comparative advantage – that different endowments and activities in different countries make them relatively more or less efficient at different economic activities.  In other words, countries (and organizations) should specialize in the economic activities where they have a competitive edge against the competition.

In a two to three page research paper in APA style, elaborate on the concept of comparative advantage and how this concept is the determining factor in the long-term stability of a country and profitability of an organization.  In particular, research and determine the following:

  • Define and explain the concept of comparative advantage.
  • Select any country that interests you.  Then, determine one product or service where the country has a comparative advantage and one where they have a comparative disadvantage.  Discuss the factors within the country that created this comparative advantage, and also the factors that contributed to their comparative disadvantage.
  • Finally, where the country has a comparative advantage, detail the strategy the country should adapt to maintain this advantage for the next five years.  Importantly, comparative advantages fade rapidly and countries (and organizations) should constantly strive to maintain and expand their existing comparative advantages.

Note that some of the information related to this project may not be readily available in course materials, requiring you to research contemporary management trends in the public sector. At least two outside scholarly resources are required, including a minimum of one from the Ashford Online Library.

TutorRating
pallavi

out of 1971 reviews
amosmm

out of 766 reviews
PhyzKyd

out of 1164 reviews
rajdeep77

out of 721 reviews
sctys

out of 1600 reviews
sharadgreen

out of 770 reviews
topnotcher

out of 766 reviews
XXXIAO

out of 680 reviews