Let’s Talk Comparative Advantage

In the global economy, it pays to be different. Countries export what they are relatively good at and rely on others for the rest. This is the essence of comparative advantage. Ralph Ossa and Ankai Xu explain how the principle of comparative advantage helps us understand why countries benefit from international trade.

Download this video from the WTO website:
www.wto.org/english/res_e/webcas_e/webcas_e.htm