What have we learned in 200 years? David Ricardo articulated the concept of comparative advantage in 1817, a basis for what is now popularly known as free trade.
Most modern trade agreements are titled “free trade.” But would David Ricardo agree? And is trade always win-win? If not, when is it win-lose and what does that mean for trade policy?
In this webinar on Wed, Nov 14, 2014 from 2:00 PM - 3:00 PM EST, available to CPA members only, Dr. Ralph Gomory will explore how comparative advantage is dynamic rather than static. Dr. Gomory will focus upon very different results expected when a developed country like the US trades with an undeveloped country (like Colombia) or a developed country (like Korea). He will also discuss what to expect when an undeveloped country becomes more developed while trading wth the US. It is not always win-win, but sometimes win-lose.
Additionally, Michael Stumo will report on recent negotiations concerning the Trans-Atlantic Trade and Investment Partnership.
CPA Events Team