Stewart discussed a friend who worked for an oil company. The friend began in oil exploration, then

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Stewart discussed a friend who worked for an oil company. The friend began in oil exploration, then moved into petrochemicals, and fi nally into plastics. Each type of business had different demands upon that friend and required major adjustments.

Do you think that entire countries have a similar problem in terms of having an absolute or comparative advantage in various industries? Why or why not? To what extent could that be used to support the concept of comparative advantage?

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Global Business

ISBN: 9789353500399

2nd Edition

Authors: Mike W. Peng Deepak K. Srivastava

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