The growing importance of the global market and the roles of comparative advantage and absolute advantage in global trade?

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2026-03-26 03:45

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In the time of global market, the country with absolute advantage has more priority to open wider the global market by having a monopoly on producing a specific product that other countries cannot produce. For the country with comparative advantage, it seems that it cannot stand steadily in the global market, because the quality of their products and what they can produce, the other countries can also produce, so they are facing the risk.

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