Since the founding of the United States, the world cotton industry has been dominated by the farmers from the American south. Despite the changing times, the southern farmers have been able to maintain a comparative advantage over producers from other nations through various means. The free and ever-present labor that the farmers had at their ...
The theory of absolute advantage was developed by Adam Smith in 1776 in response to the previous theory that a country’s wealth depended upon its reserve of gold. Contrary to this belief, Smith proposed that the wealth of a nation was dependant upon its goods and services available to its citizens. The theory of absolute ...
Globalization is an integration soon to happen in this 21st century. But this fast approaching concept is seen in two different views. Globalization can be seen as a sign of a hopeful future by some. By others this is a disaster for the world economy. Many experts argue for and against this new move in ...
Politics make the world go round. The news, jobs, and the economy are incorporated in politics. I’ve put together and simple guide to learning politics. It just might be a great conversation starter, or if you’re that person that never understands what anyone is talking about, here is your chance! Learn comparative politics! 2.0 WHAT ...
Karla News
Karla News