Criticisms of Comparative Advantage - Patterns of Trade Reasons

Comparative Advantage Evaluation - A detailed understanding of the evaluations points that can be used to breakdown the law of comparative advantage in the real world. This video also covers reasons for the Patters of Global Trade

[Dominique]

just here to let you know that your videos are a god send and the best thing that has ever happened to me

[TheAaryanQ]

this wasn't in my curricilum we were just taught assumptions and benifitss of CA but this explains the real world so much better, thanks for groudning economics, more such analysis are much needed in this world.

[Ivan-tdkb]

Extreme specialization may leave your supply chain vulnerable in the event of a trade war. Not to mention that, all specializations are not created equal. Nations trapped into specializing in agriculture are condemned to perpetual poverty.

[slush]

Yess was waiting for this really badly! Thank you so much :D

[bloonjake]

Could another limitation be that there aren't always constant levels of opportunity cost, making it hard to calculate one singular figure?

[denizacar]

You could also argue that the goods are not homogeneous and are differentiated which is partially mentioned

[billl]

Could you also say that certain goods (energy for example) should be domestically produced to some extent to avoid a major crisis in the event of a supply side shock

[NoyumiAo]

My econs lecturer literally attempted to explain this entire concept in 5 mins cry

[abdulrahman-lvyd]

are you @vikstar123's cuzin or something xd