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23 Jun 2019
Read the attached article âSense and Nonsense in the Globalization Debateâ by Dani Rodrik, and answer the following questions:http://www.columbia.edu/itc/sipa/S6800/courseworks/foreign_rodrik.pdf
2.(10 points) Explain the following statement: âtrade exerts pressure towards another kind of arbitrage as well: arbitrage in national norms and social institutions.â (p. 27). Why are differences in national practices and institutions a possible source of comparative advantage?
Read the attached article âSense and Nonsense in the Globalization Debateâ by Dani Rodrik, and answer the following questions:http://www.columbia.edu/itc/sipa/S6800/courseworks/foreign_rodrik.pdf
2.(10 points) Explain the following statement: âtrade exerts pressure towards another kind of arbitrage as well: arbitrage in national norms and social institutions.â (p. 27). Why are differences in national practices and institutions a possible source of comparative advantage?
Jean KeelingLv2
24 Jun 2019
