Comparative
in sentence
336 examples of Comparative in a sentence
This is why the idea that cities, states, or countries should specialize in their current areas of
comparative
advantage is so dangerous.
How we are to think about that depends on what we believe their subjective experiences could be like, and here the
comparative
structures don’t tell us much.
Marshall’s economics – the equilibrium economics of
comparative
statics, of shifts in supply and demand curves, and of accommodating responses – is of almost no help in accounting for this.
All members need to be able to exploit
comparative
advantages within the Single Market, attract capital, and generate jobs.
Such policies spurred firms to adopt capital-intensive technologies, obscuring labor’s natural
comparative
advantages.
One could follow, for example, Adam Smith’s principle of
comparative
advantage: what Europe does best is the state, while Asia still relies on the family and the US continues to focus on individual initiative.
Proponents of free trade have always celebrated the growth of international commerce because they regard it as a sign that countries are capitalizing on their
comparative
advantages through specialization, which implies increased efficiency overall.
In fact, few would disagree that a static
comparative
advantage theory is a poor guide for development policy.
Labor importers would have to vie for access to a collective market, rather than individual national markets, and countries that gained access would have a significant
comparative
advantage over those that did not.
Within the GBA, Hong Kong, home to several of the world’s top 100 universities, has a clear
comparative
advantage in basic research.
It would be tempting to use a formula coined during the Cold War to describe the
comparative
evolution of the United States and the Soviet Union and to apply the notion of “competitive decline” to the relationship between the US and Europe.
One of the greatest
comparative
strengths of American universities lies in the nature of human relations.
I have also emphasized that Lebanon must develop its
comparative
advantages, particularly in education, banking, and services.
But so, too, are policies to ensure that investments and economic activities are based on real
comparative
advantages, and not on transitory “beggar thy neighbor” incentive structures.
As a result, Chinese graduate from colleges and universities having learned relatively little about the outside world in fields such as anthropology, sociology, international relations,
comparative
literature, and history.
Nonetheless, economists can be counted on to parrot the wonders of
comparative
advantage and free trade whenever trade agreements come up.
Access to the US from many countries in Latin America is much easier than from Europe or Asia, owing to the volume of traffic, the number of flights, the
comparative
laxity of exit controls, and the porousness of borders.
To be sure, it is not clear that economists will have a
comparative
advantage in addressing these problems.
Marx’s
comparative
advantage was to read Hegel and create a narrative in which history is the history of class struggle, with the newly emergent industrial proletariat destined to develop “class consciousness” and overthrow the political and economic order created by the bourgeoisie.
Over the next decade, as Chinese workers demand higher salaries, basic benefits, and improved working conditions, the country may well lose the
comparative
advantage that has driven its manufacturing boom.
Only by combining growing Chinese consumption with enhanced Chinese manufacturing will the country be able to develop a new
comparative
advantage, which is the key to sustainable growth over the next decade.
But this line of reasoning flies in the face of basic economic theory and common sense, which hold that trade is based on each country exporting goods that reflect its relative (or comparative) advantage.
This is an impressive performance in
comparative
terms.
We Europeans cannot afford the luxury of dismantling a high-value-added industrial sector in which we still have a real
comparative
advantage.
Perhaps the most striking contradiction in Europe’s nuclear discourse is the discrepancy between the seeming effort to boost economic growth and employment, and the flippancy of member states in abandoning the nuclear industry, which depends on the design, engineering, and command-and-control skills that underlie Europe’s
comparative
advantage in the industry.
When governments try to attract investment with subsidies, tax holidays, special exemptions, and accelerated depreciation schedules, they create distortions that undermine
comparative
advantage.
But they cease working well when sustaining growth requires behavioral and structural adaptation to rapid changes in
comparative
advantage and the value of various types of human capital.
In part, there is the hope that by moving fast, Europe will acquire a
comparative
advantage in low-carbon technologies.
When we economists teach the principle of
comparative
advantage and the gains from trade, we explain that free trade expands the home country’s economic pie.
In handicapping the US-China conflict, another economic principle – rarely used to explain the futility of Trump’s tariff threats – is much more important than Ricardo’s concept of
comparative
advantage: Keynesian demand management.
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