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In a monetary competitive economy, the economic entities from the most countries are depending, in the international economic relations, on the existence of a foreign currency accepted in this operation and consequently on exchange rate between the currency from the specific state and this...
Persistent link: https://www.econbiz.de/10005619293
The study of the comparative advantage’s scheme, using the modified prices because of the trade costs in terms of a real two product barter, brings us on a “previous” position towards the merchandise exchange using the currency. In this new algorithm of scheme, the remarks include in the...
Persistent link: https://www.econbiz.de/10005619720
The validity in time of the comparative advantage’s principle, also of its application’s denial, can generate certain misunderstandings in the good exchange’s observation for an outsider (common sense), including the expert from other economics’ areas. The resolution for these cases can...
Persistent link: https://www.econbiz.de/10005619871
In a recent article, Alan Deardorff (2005) analyses the strength of the comparative advantage’s principle. The present article’s purpose is to follow the generalization of some recent results (Dogaru, 2000; 2005b) and also to sustain the unification’s necessity of some comparative...
Persistent link: https://www.econbiz.de/10005789865