Thursday, July 5, 2012

Stop Import Duties to Benefit All

Use online searches for the work of David Ricardo, the British economist, philosopher  and investor, who believed that every country, in its own way, had its own relative or comparative advantage. Something at which it was most productive. And that it thus could trade that advantage in the world market.
 
Every country, even those major nations who belong to the G-20 group, is guilty of attempting to protect its own industries with protectionist tariffs. And despite the fancy talk when the country heads get together, they all are afraid of pure free trade. To their own detriment. (See the Earl J. Weinreb NewsHole® comments.)

No comments:

Post a Comment