Does Colombia have any comparative advantage?

Comparative advantage
Paul Samuelson, one of the 20th century’s greatest economists, once remarked that the principle of comparative advantage was the only big idea that ECONOMICS had produced that was both true and surprising. It is also one of the oldest theories in economics, usually ascribed to DAVID RICARDO. The theory underpins the economic case for FREE TRADE. But it is often misunderstood or misrepresented by opponents of free trade. It shows how countries can gain from trading with each other even if one of them is more efficient – it has an ABSOLUTE ADVANTAGE – in every sort of economic activity. Comparative advantage is about identifying which activities a country (or firm or individual) is most efficient at doing.

By beckloud on May 14, 2007, 18:34 in Friendly Talkzone.

Simon says on May 14, 2007, 19:37:

Of course it does!
Of course it does!

HERE'S SIMON!!!!

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Aaron21 says on May 14, 2007, 19:56:

Ummmm.... Yes.

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bueno_pues says on May 14, 2007, 21:45:

Y los chinos?
Y los chinos?

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beckloud says on May 14, 2007, 22:12:

China means Financial & Economic DEATH !!! Everyone who has studied global poverty - including Latin governments (I hope they have,although, it appears they have not)- recognises that nothing compensates for unfair terms of trade, and that is exactly what they are doing, signing unfear trade agreements.

beckloud

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bueno_pues says on May 14, 2007, 22:16:

Los pobrecitos chinos.
Los pobrecitos chinos.

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DonCuloBlanco says on May 15, 2007, 05:20:

Comparative Advantage........ When you are hiring 300 workers and paying them each $30 an hour and your less efficient partner is hiring 700 and paying each of them $20 a month I wonder who has the advantage????????????????

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beckloud says on May 15, 2007, 12:49:

Mr.Donculoblanco You got it right ! That`s right, it is self-evident!!

beckloud

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jcgd77 says on May 15, 2007, 15:24:

Of course it does! and for your info more than what you would expect.

however like many developing countries, they are not exploted yet.

there are at least 15-20 products where Colombia has a comparative advantage,,,,

in a rush right now but will get the list later on,

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