{"content":{"sharePage":{"page":0,"digests":[{"id":"48152196","dateCreated":"1323835092","smartDate":"Dec 13, 2011","userCreated":{"username":"slmjim1414","url":"https:\/\/www.wikispaces.com\/user\/view\/slmjim1414","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1320026101\/slmjim1414-lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/48152196"},"dateDigested":1532762654,"startDate":null,"sharedType":"discussion","title":"Summary","description":"This article reviews the topic of comparitive advantage. Comparative advantage can be displayed profoundly with Apple. They have a very strong comparative advantage over the competition and really do not live by the rule that it takes three times to get something right. They have quality products and they get it right the first time.","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47991356","dateCreated":"1323638343","smartDate":"Dec 11, 2011","userCreated":{"username":"AnqiFang","url":"https:\/\/www.wikispaces.com\/user\/view\/AnqiFang","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47991356"},"dateDigested":1532762654,"startDate":null,"sharedType":"discussion","title":"Summary","description":"This article explained what is comparative advantage and how to determine it. For example, the comparative advantage of Apple is its marketing, which really makes it stands out from others. It also mentioned something about the opposition to the theory. However,the law of comparative advantage clearly appears to exist.","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47886566","dateCreated":"1323435527","smartDate":"Dec 9, 2011","userCreated":{"username":"RWentink","url":"https:\/\/www.wikispaces.com\/user\/view\/RWentink","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47886566"},"dateDigested":1532762654,"startDate":null,"sharedType":"discussion","title":"Review","description":"This paper begins by setting the definition of comparative advantage so that the reader has a better appreciation of the exploration of the topic. The author then uses examples of different firms or countries and different industries to highlight the principles of comparative advantage. The examples are Apple for exciting, well-marketed technology products, Pakistan for low cost clothing manufacturing, and Colombia for expertise in drug trafficking, which I found to be a very creative but also relevant example.
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\nThe author then poses the question of how you determine if you have a comparative advantage? In some cases, it is apparent. Apple is celebrated for its elegant design, and its sales and profits point to its comparative advantage. Pakistan\u2019s case may be the easiest to make, as it can compare production costs and prices with other low-cost countries, such as China. In clothing, Pakistan can beat China by several dollars per piece.
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\nColombia was again the most interesting example, as it seems to excel in a number of illegal activities along with drug trafficking. Here the comparative advantage seems to be fostered by a permissive environment in which family, church, state, and other societal institutions don\u2019t seem to exert the law-abiding influence we see in other countries.
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\nThe author also discusses a theory from a devil\u2019s advocate who states that in some cases, comparative advantage is ignored and countries and firms may decide to outsource work simply because they don\u2019t want to do it. The author rightly points out that the opportunity cost has to be considered, and it may be the motivation behind the outsourcing.
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\nHighly informative paper and I\u2019m not visiting Colombia any time soon!","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47778352","dateCreated":"1323295472","smartDate":"Dec 7, 2011","userCreated":{"username":"amdevoss","url":"https:\/\/www.wikispaces.com\/user\/view\/amdevoss","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47778352"},"dateDigested":1532762654,"startDate":null,"sharedType":"discussion","title":"Trade & Comparative Advantage","description":"http:\/\/www.econlib.org\/library\/Topics\/HighSchool\/BenefitsofTradeComparativeAdvantage.html<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47561920","dateCreated":"1323054725","smartDate":"Dec 4, 2011","userCreated":{"username":"Steve_Speece","url":"https:\/\/www.wikispaces.com\/user\/view\/Steve_Speece","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1316392514\/Steve_Speece-lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47561920"},"dateDigested":1532762654,"startDate":null,"sharedType":"discussion","title":"Matt Ridley discusses Law of Comparative Advantage","description":"Kind of a long clip, but fascinating. Good rundown of the law of comparative advantage at 09:00 minute mark. He goes on to explain why globalization makes us better off.
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\nhttp:\/\/www.youtube.com\/watch?v=qMxe73iJPbo<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47309674","dateCreated":"1322713671","smartDate":"Nov 30, 2011","userCreated":{"username":"cartersprunger","url":"https:\/\/www.wikispaces.com\/user\/view\/cartersprunger","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47309674"},"dateDigested":1532762654,"startDate":null,"sharedType":"discussion","title":"Ricardian Model","description":"I know you mentioned Ricardo, but it may be helpful to go more in depth with the Ricardian Model.
\nhttp:\/\/en.wikipedia.org\/wiki\/Ricardian_economics<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"47275334","dateCreated":"1322688819","smartDate":"Nov 30, 2011","userCreated":{"username":"jcrews4","url":"https:\/\/www.wikispaces.com\/user\/view\/jcrews4","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/47275334"},"dateDigested":1532762654,"startDate":null,"sharedType":"discussion","title":"Comparative Advantage - Why Nations Trade","description":"I found this article interesting and I believe it pertains to your topic....
\nhttp:\/\/ecedweb.unomaha.edu\/lessons\/feog1.htm<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"45774200","dateCreated":"1320686309","smartDate":"Nov 7, 2011","userCreated":{"username":"MJWagner74","url":"https:\/\/www.wikispaces.com\/user\/view\/MJWagner74","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/45774200"},"dateDigested":1532762654,"startDate":null,"sharedType":"discussion","title":"Comparative Advantage - An Interesting Read (Nook Tablet vs other e-readers)","description":"http:\/\/technolog.msnbc.msn.com\/_news\/2011\/11\/07\/8681041-barnes-noble-confirms-nook-tablet-for-249?GT1-43001<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"45459126","dateCreated":"1320237042","smartDate":"Nov 2, 2011","userCreated":{"username":"JASCHAEFER","url":"https:\/\/www.wikispaces.com\/user\/view\/JASCHAEFER","imageUrl":"https:\/\/ssl.wikicdn.com\/i\/user_none_lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/45459126"},"dateDigested":1532762654,"startDate":null,"sharedType":"discussion","title":"Comparative Advantage","description":"Found an interesting article on comparative advantage in the apparel industry of global markets:
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\nhttp:\/\/tribune.com.pk\/story\/280478\/comparative-advantage-american-buyers-still-prefer-pakistani-apparel\/<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]},{"id":"44852768","dateCreated":"1319459893","smartDate":"Oct 24, 2011","userCreated":{"username":"Hornbaker","url":"https:\/\/www.wikispaces.com\/user\/view\/Hornbaker","imageUrl":"https:\/\/www.wikispaces.com\/user\/pic\/1316446772\/Hornbaker-lg.jpg"},"monitored":false,"locked":false,"links":{"self":"https:\/\/mbaeconfall2011.wikispaces.com\/share\/view\/44852768"},"dateDigested":1532762654,"startDate":null,"sharedType":"discussion","title":"Comparative Advantage Link","description":"http:\/\/www.unc.edu\/depts\/econ\/byrns_web\/Economicae\/Essays\/ABS_Comp_Adv.htm<\/a>","replyPages":[{"page":0,"digests":[],"more":0}]}],"more":true},"comments":[]},"http":{"code":200,"status":"OK"},"redirectUrl":null,"javascript":null,"notices":{"warning":[],"error":[],"info":[],"success":[]}}