Comparative
in sentence
336 examples of Comparative in a sentence
If a country’s firms can do that, the economy will be competitive, capital will accumulate quickly, the endowment structure will change, areas of
comparative
advantages will shift, and the economy will need to upgrade its industrial structure to a relatively higher level of capital intensity.
The key is to have the right policy framework in place to facilitate private-sector alignment with the country’s
comparative
advantages, and to benefit from latecomer advantages in the process of structural change.
Still, the uneven distribution of the benefits created by a global trade opening means that some countries, especially the least developed, gain little in
comparative
terms, and are possibly even hurt.
The principle of
comparative
advantage demands that the UK emphasize its service industries, and especially financial services.
Park’s father, who led South Korea from 1961 until his assassination in 1979, worked closely with the chaebols, helping them first to build
comparative
advantages in labor-intensive manufacturing and then to progress to more capital-intensive industries, including automobiles, shipbuilding, and chemicals.
The AGOA has also been criticized for excluding some agricultural products, for which Africans have a
comparative
advantage.
The economist David Ricardo pointed out in 1817 that both Great Britain and Portugal would benefit if they exploited their
comparative
advantages.
The Uruguay round promised the elimination of quotas in 2004, enabling many developing countries to exploit another area of
comparative
advantage.
Their main objectives are to enable companies and organizations to set sustainability targets and key performance indicators; to monitor, prepare, and disclose
comparative
data measuring their economic and ESG performance; and to integrate sustainable production and consumption practices in company business strategies and models.
As the classic sources of early
comparative
advantage dwindle, countries – particularly earlier-stage developing countries – will need to implement policies that feature services (including tradable services) more prominently; they will also need to adjust their investment in human capital.
It also gives countries and companies everywhere an opportunity to redefine their
comparative
and competitive advantage.
Indeed, none of America’s corporate titans mentioned the administration’s reductions in funding for science, so important for strengthening the US economy’s
comparative
advantage and supporting gains in Americans’ standard of living.
By enabling countries to make the most of their
comparative
advantages, the liberalization of trade and investment provides net economic benefits, although it may hurt particular groups that previously benefitted from tariff protections.
This allows the SSDC to avoid the bottlenecks in partner countries that one sees under the standard ODA model, which separates aid from trade and private investment – and thus impedes countries from exploiting their
comparative
advantages.
According to NSE, the most effective and sustainable approach for a low-income country to jumpstart dynamic growth and development is to develop those sectors in which it has latent
comparative
advantages: where production costs are low, but transaction costs are high due to inadequate hard and soft infrastructure.
Moreover, large emerging-market economies such as China, Brazil, and India can use their
comparative
advantages in infrastructure and light manufacturing to help others.
China has a clear
comparative
advantage in infrastructure construction, owing to its lower labor costs (the cost of a project site foreman in China is one-eighth that of OECD countries) and vast domestic market, which have enabled it to achieve economies of scale that other countries simply cannot.
But China’s
comparative
advantages in 46 of 97 subsectors – particularly in manufacturing – benefit other developing countries, too.
In addition to exporting its
comparative
advantages, China also deploys “patient capital,” which has a maturity of ten years or more.
As the services produced and traded across the world expand with globalization, the possibilities for all countries to develop based on their
comparative
advantage expand.
That
comparative
advantage can just as easily be in services as in manufacturing or agriculture.
Developing countries also need access for the unskilled labor-intensive services in which they have a
comparative
advantage.
These were off the agenda in earlier trade rounds, as the US pushed for liberalization of financial services - thus serving its own
comparative
advantage.
East Asian economies leveraged their
comparative
advantage – low wages – to produce labor-intensive consumer goods.
This is a direct result of the international production network based on each economy’s
comparative
advantage.
One country that will not benefit from this shift in labor-intensive manufacturing is the US, which lost its
comparative
advantage for such products a half-century ago.
The conventional approach to the balance of payments assesses the current account as a function of
comparative
macroeconomic conditions and exchange rates, and then considers the financial account as a consequent balancing item.
After all, there are times when it may be more appropriate to consider countries’
comparative
financial conditions and accompanying financial flows first, and then interpret macroeconomic outcomes and the current-account balance in that context.
The second argument for institutional independence is that central banks have a clear
comparative
advantage in dealing with monetary issues, and can therefore be trusted to pursue their targets independently.
But curtailing social programs in both Europe and Russia would jeopardize human capital, their most valuable
comparative
advantage.
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