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China and the U.S. have a close but complicated economic relationship. This note provides a fuller picture of the tightening embrace between the two countries – in terms of flows of goods and services, financial capital and people – and discusses the potential flashpoints in this...
Persistent link: https://www.econbiz.de/10008632742
This paper derives the conditions under which fitness-reducing alleles can survive in a longrun stationary equilibrium for a trading population, extending the results in Saint-Paul (2002) for arbitrary systems of sexual reproduction.
Persistent link: https://www.econbiz.de/10005703347
of natural selection are made weaker because trade allows people to specialize in those activities where they are strong …, and to offset their weaknesses by purchasing adequate goods on the market. Absent trade, people must allocate their time … alleles at all locations. Under trade, there exist long-run equilibria where less fit individuals are able to achieve the same …
Persistent link: https://www.econbiz.de/10005761761