Brong Ahafo Region celebrates Golden Jubilee Oct 16, 2009
Mr Nyamekye-Marfo pointed out that those achievements, coupled with its comparative advantage in terms of agricultural production, fast and highly competitive tourism and investment industries had shown that the Region was progressing steadily. He explained that the Region was created as a result of agitation by some prominent chiefs and citizens over alleged discriminatory practices in the Asante Confederacy Council. (Ghana Web, Ghana)
Funding for Youth In Agriculture Programme to increase by 500% Oct 16, 2009
The move is to encourage medium and large scale food production among the youth, especially in areas of comparative advantage to triple food production within the next three years ... "Our policy is to encourage import substitution by increasing the production of crops and livestock in areas of comparative advantage, to the country to cut down on foreign exchange rate," he said. (Ghana Web, Ghana)
Pacific too dependent on Australia Oct 14, 2009
By identifying export opportunities where countries have a comparative advantage, they can gain more benefits. Join the conversation. (Sydney Morning Herald -- Australia)
Africa: NGOs Welcome EU's Vow Not to Push Continent Into EPAs Oct 10, 2009
But, rebutted John Clarke, deputy head of the delegation of the European Commission in Geneva, "the EC and the ACP countries decided to go further than the WTO because it is a better choice. "The Caribbean states, whose comparative advantage lies in services such as tourism and financial services, were very keen to have an agreement that included services and investment. Other ACP regions are not so keen and it is their choice but we think it is a pity because services are important. (allAfrica.com)
There's gold in them thar steppes Oct 8, 2009
Was it the British economist David Ricardo, whose masterful explanation of the principles of comparative advantage has become a textbook favourite for economic students ever since. Well, Ricardo may have advocated free trade in theory but its origins in practice come from a more unlikely historical source. (Sydney Morning Herald -- Business)
Annual Meetings 2009: Transcript of the Development Committee Press Conference, October 5, 2009 Oct 7, 2009
In terms of the World Bank's comparative advantage, we are still in a unique position because we cut across all regions, all sectors. We deal with middle-income countries, poorest countries, we deal with private and we deal public sector, and what that helps us do is take the knowledge and learning of experience from one area and apply it globally. (IMF News)
Transcript of the IMFC Press Briefing Oct 5, 2009
MR BOUTROS-GHALI: Well, the early warning exercise is an exercise that uses the comparative advantage of the IMF. It is an exercise that manages to look at all countries at the same time. It complements what each individual country does when it drafts its own policy by looking at the impact of this policy on others and the impact of others on a particular country. (IMF News)
GIC may invest more in property, resources Sep 26, 2009
I think they probably see Asia as their comparative advantage it is not a bad place to be investing your money, he said. They are not going to drastically change the allocation overnight, although it could mean GIC gradually managing more of its assets in-house and allocating more funds to Asia-based managers. (The Star Online, Malaysia -- Business)
* New film highlights benefits of Taiwan-EU cooperation Sep 24, 2009
Taiwan has a comparative advantage in the field of culture and the freedom of expression that exists in Taiwan has enabled Taiwans cultural industry to flourish and become very attractive, he said. Describing Face as a very beautiful project because it intertwines scenes in Europe and Taiwan and features iconic actors from both places, Ledoux said he hoped there will be more culturally oriented cooperation projects between the EU and Taiwan. (Taipei Times, Taiwan -- Business)
Nine Questions for Ben Bernanke Sep 19, 2009
Does the Fed believe that the trade policies that have led to the out-migration of our manufacturing sector truly generate the mutual gain that traditional "comparative advantage" theory suggests, or is it time to take a hard look at trade theory, just as we are re-examining much of the "rational market" theory that underlay other policies of the past decade. 3. (Slate)
Poverty Reduction - Let's Try Mangoes Sep 18, 2009
Economists advise that one should produce what one has comparative advantage in. It is in this direction that the growing of hybrid mangoes should be considered with seriousness. (Ghana Web, Ghana)
Towards an Integrated, Peaceful and Prosperous Africa: The AU in Perspective Sep 17, 2009
Each region on the Continent could maximize the production of specific agricultural commodities based on the principle of comparative advantage, thereby preparing the terrain for effective collaboration amongst the various RECs on the Continent. In addition to enhancing food self-sufficiency, the system of interdependence thus created would help to accelerate the Continent's integration process. (Ghana Web, Ghana)
Hindery: Panic anniversary no reason for joy Sep 15, 2009
But now, they have to compete every day against illegal foreign subsidies, currency manipulation and shameful environmental practices, which swamp all principles of fair comparative advantage. As a consequence. (CNN -- US)
Redefining Malaysia's growth model Sep 14, 2009
We have comparative advantage in various services sub-sectors. For example, we are at the forefront of Islamic finance. (The Star Online, Malaysia -- Business)
Germany: The lives of others Sep 14, 2009
It has a comparative advantage in producing specialist goods that require a global market. You cannot put power plants in the supermarket, notes one German economist. (The Economist)
Towards an Integrated, Peaceful and Prosperous Africa: Sep 12, 2009
Feature Article of Saturday, 12 September 2009. Feature Article of Saturday, 12 September 2009. (Ghana Web, Ghana)
Brazil and France in jets talks Sep 8, 2009
The Rafale had an "exceptional comparative advantage" because of France's guarantee to share all military technology with Brazil as part of the deal, he told the AFP news agency. Talks with France over the deal were at a "very advanced stage", he told other media outlets. (BBC News -- Americas)
China's Exports, Not Altruism, Fund U.S. Deficit Sep 2, 2009
China is a developing nation that manages its currency, the yuan, to maintain its comparative advantage in producing cheap goods for. Chinas exports to the U.S. rose to a $337 billion in 2008. (Bloomberg -- Columnists)
Management Line: Sep 2, 2009
We need a better statement to the rest of the world about the breadth of our comparative advantage - a better way to define our unique brand, Crean says. As pointed out , the aim is to create something that would rival New Zealand s 100 per cent campaign which, along with Peter Jackson, has helped put New Zealand on the map. (Sydney Morning Herald -- Business)
How will we pay for it all? Aug 26, 2009
Nevertheless, there are real global benefits from "comparative advantage" by which goods are produced in the most efficient market ... In an ideal world, such organizations would allow uniform modest tariffs, by which revenues could be raised without huge distortion of "comparative advantage". (Asia Times Online)
Silicon Valley lawyers find new following via Twitter, Facebook Aug 25, 2009
As a result, Townshend said he s enjoying a comparative advantage. I m happy my competitors are slow, and I would love their firms to adopt dumb policies about forbidding use of social networks, he said. (San Jose Business Journal, CA)
China Approaches Climate-Change Agreement With U.S. Over Energy Efficiency Aug 24, 2009
Theres going to have to be satisfaction within the U.S. Congress that there will not be a significant shift of comparative advantage to key developing countries, says , director of Harvard Universitys Environmental Economics program. the mayor of Copenhagen, who was European Environment Commissioner when the Kyoto treaty was negotiated, says President and U.S. lawmakers are showing a greater willingness to take the steps needed for an international treaty. (Bloomberg -- Asia)
Preparing for Entrepreneurship Aug 22, 2009
Part of a person s success in life has to do with becoming a master of those things for which she has a comparative advantage. Preparing to be an entrepreneur requires the individual to be true to herself by having a deep level of introspection in an honest fashion. (Suite101.com)
Housewives ATL Whitfield: Banned from FAB? Aug 21, 2009
The economic term is called comparative advantage and while there will be winners and losers in our economy overall we will all be better off. What are you gonna do. (Atlanta Journal-Constitution -- Living)
Sovereign Funds Curb Risk Appetite After Criticism of Losses, Report Says Aug 20, 2009
Criticism by the national media for their high-profile losses might even jeopardize their ability to take the long-term investment positions that have given them such a comparative advantage, , managing director and head of the official institutions group at Boston-based State Street, told reporters at a briefing in London yesterday. Sovereign funds, together worth about $3. (Bloomberg -- Canada)
Govt green light on Gorgon deal 'likely' Aug 19, 2009
" Mr Crean hailed the agreement as the single biggest trade deal in Australia's history. "But it is the great deal from China in terms of a clean-energy source," he said, adding that Australia had a huge comparative advantage in clean energy. The Gorgon plant would be "world leading" in terms of carbon capture and storage. "We're not just selling the gas, we're also selling the technology. " The latest deal had been in doubt because of tensions between Canberra and Beijing over the arrest of Rio... (Sydney Morning Herald -- Australia)
Australia signs record trade deal with China Aug 19, 2009
"But it is the great deal from China in terms of a clean-energy source," he said, adding that Australia had a huge comparative advantage in clean energy. The Gorgon plant would be "world leading" in terms of carbon capture and storage. (Xinhuanet, China)
* Will research and development fall to online process? Aug 16, 2009
So, in the Internet era, what is the continuing role and comparative advantage of the corporate research and development (R. Its role will be smaller and its advantage diminished, said Michael Schrage, a research fellow at the Center for Digital Business at the Sloan School of Management at the Massachusetts Institute of Technology (MIT). (Taipei Times, Taiwan -- World Business)
So, what's in it for we loyal subscribers? Aug 16, 2009
To many time-poor readers, this is a massive comparative advantage worth paying for. Beyond that, proprietors should always be looking to value-add elsewhere in their publications. (Sydney Morning Herald -- Opinion)
University develops local raw materials for water treatment Aug 14, 2009
He said as a result the use of cocoa pod waste for the production of the chemical gives Ghana a comparative advantage and that the department would examine and determine the techno-economics of its production on a pilot scale. Prof Acquah said the department needed funding to produce potassium permanganate on a large scale. (Ghana Web, Ghana)
EDITORIAL/Manufacturing isn't dead Aug 13, 2009
Communities should know their comparative advantages for industries that are "in the neighborhood," he said. What is our comparative advantage. (Philadelphia Neshoba Democrat, MS)
Money doesn't make the world go round Aug 12, 2009
The doctrine of comparative advantage, the idea that trade between nations is mutually welfare enhancing, is almost universally accepted, and if the playing field is roughly fair, trade certainly works. But if we treat money as an end in itself, more trade in money must make countries better off. (Sydney Morning Herald -- Business)
India, South Korea ink free trade pact Aug 8, 2009
India has a comparative advantage in services, such as IT/ITeS, Educational Services etc. We welcome the market access provided by Korea for Indian service providers, said Mr. Banerjee. (India Times)
Making footprints in the region Aug 8, 2009
Institutions must look at their comparative advantages and strengths. They need to focus on the areas of comparative advantage so that they distinguish themselves ... Banks need to assess their own comparative advantages, their strengths and the space in which they are competitive. (The Star Online, Malaysia -- Business)
Power Breakfast: Factory rebound, clunkers, mortgage giants Aug 7, 2009
That reduces the comparative advantage for some companies thinking about moving production abroad. We re not likely to see a manufacturing renaissance here. (Atlanta Journal-Constitution -- Business)
Consultant: Malaysia can be medical tourism hub Aug 6, 2009
Cost and relative political stability lent Malaysia a distinct comparative advantage in the field of medical tourism, said Simranjit Singh, Frost & Sullivan Asia Pacific director for healthcare. There is no denying that Malaysia has an edge over Singapore and even Thailand in this respect. (The Star Online, Malaysia -- Business)
Holmes: 'Atalanta' is workable anti-piracy plan Aug 2, 2009
If EU nations hold a comparative advantage in such noncombat functions as maritime security, it only makes sense to entrust leadership to them in this domain. The second lesson is that geography matters, now as in Renaissance Europe. (Athens Banner-Herald)
The return of Thomas Mun Jul 29, 2009
However, he didn't hold with any high-faluting nonsense like comparative advantage or maximization of global economic welfare ... With the supply of natural resources essentially infinite, countries maximized their wealth by exploiting their comparative advantages, whether through cheap natural resources, as in British coal, through high quality agriculture, as in French wines, or through high-level mechanical ingenuity, as in German manufactures. (Asia Times Online)
Will China's Bubble Burst? Jul 27, 2009
The Future of china trade trade is dependent on its ability to have absolute advantage in making its export goods and comparative advantage for its export goods compared to other nations ... In addition this wage and technology factor gives china a comparative advantage. (Slate)
Govt to review taxes and duties on some food imports Jul 27, 2009
Speaking at the 20th National Marketing Performance Awards of the Chartered Institute of Marketing Ghana (CIMG), Mr Mahama said government's aim was to reduce drastically the food import bill, especially in areas that the country had the comparative advantage to produce. He said the Small and Medium Enterprises sector was in danger of losing out on the gains that it had made over the years because of the current adverse economic environment caused by lack of prudence in the management of the... (Ghana Web, Ghana)
New campus housing takes shape (4) Jul 26, 2009
We want the students that live here to have a comparative advantage from other SUNY graduates, Kolenda explained. We want them to have that little extra that says, you see that student walking down the street. (Oswego Palladium-Times, NY)
It's a bumpy road back for Lao exiles Jul 23, 2009
Although labor is cheaper in Laos than in surrounding countries, it fails to capitalize on this comparative advantage because of a lack of skilled entrepreneurs to provide employment for these workers, said World Bank economist Vostroknutova. That means non-Lao are mostly left to fill the entrepreneurial gap. (Asia Times Online)
Tim VickeryINSIDE SOCCER Jul 22, 2009
We can talk about "focus" and "concentration'' all we want -- at times they're used like magic words that explain everything about the outcome. What gets lost in this approach is an appreciation of technical, tactical and physical factors that can tip the balance in a sport. To take an example from the Confederations Cup, New Zealand can be as concentrated and focused as it's possible to be -- but the Kiwis are still likely to get a beating every time they come up against Spain. But it would be... (SportsIllustrated.CNN -- Soccer)
'Unfair' is what makes trade negotiators look bad back home Jul 13, 2009
Against all economic sense, countries with unsuitable climates have subsidised industries such as sugar, while logic dictates that it is best imported from subtropical regions, which have a comparative advantage in producing sugar. The EU and the US have started to dismantle the barriers and subsidies but it's a painfully slow business. (Business Report, South Africa)
Sex ratios: Sons and mothers Jul 11, 2009
Girls, by contrast, will do reasonably well across the board and thus have a comparative advantage over their brothers in poorer situations. Parents, meanwhile, have a genetic incentive to see their progeny do well. (The Economist)
Africa: Full Text of G8 Pledge of U.S. $20 Billion for Agriculture [document] Jul 11, 2009
Improved global governance should build on existing International Organizations and International Financial Institutions, making use of their comparative advantage, enhancing their coordination and effectiveness and avoiding duplications. To this end, we support the UN High Level Task Force on the Global Food Security Crisis. (allAfrica.com)
Dollar's futurein US hands Jul 2, 2009
"Neo-liberal globalization has promoted the illusion that trade is a win-win transaction for all, based on the Ricardian model of comparative advantage. Yet economists recognize that without global full employment, comparative advantage is merely Say's Law internationalized. Say's Law states that supply creates its own demand, but only under full employment, a pre-condition supply-siders conveniently ignore. After two decades, this illusion has been shattered by concrete data: poverty has... (Asia Times Online)
Absurd double standards on China's resources Jun 29, 2009
But in line with the Principle of Comparative Advantage seen in the international trade theory, developing nations like China will provide the developed countries with labor-intensive primary products in return for their Hi-tech products and sophisticated technology with the aim to realize mutual benefit and conclude a basically fair deal ... Not accidentally, the U.S. and the E.U. have also continually limited the quotas to bring in the primary products which China enjoys the comparative... (People's Daily Online, China)
AfDB Group President Attends Paris Club Meeting Jun 26, 2009
In this regard, development banks can capitalize on their comparative advantage in intermediating the new resources to enhance the consistency between development financing and national development goals. Given its experience, the AfDB is able to target assistance based on country-specific needs. (allAfrica.com)
Minister calls on West African countries to promote intra-regional trade Jun 25, 2009
He said it was time developing countries gained tremendously from one another through the concept of comparative advantage that each country had over the other in the production of certain goods and services. He said it was only through this that African countries could become prosperous and independent instead of relying on developed countries that had been hit by the economic crunch. (Ghana Web, Ghana)
Australia's carbon farmers in quiet revolution Jun 17, 2009
"Australia's single greatest comparative advantage in the battle to reduce CO2 emissions is our enormous land mass -- over seven million square kilometers (770 million hectares)," said opposition leader Malcolm Turnbull, who's Liberal Party supports a policy of biosequestration. "The opportunities for CO2 abatement here are gigantic.". (Scientific American)
Buffett Is Less Bullish on U.S. Than You Think: Alice Schroeder Jun 5, 2009
Rather than dwell on his belief in Ricardian theory of comparative advantage, under which U.S. workers have little bargaining power to increase their incomes, Buffett, as is typical, framed this issue positively: A recovery will come from unleashing human potential, that is, productivity gains. Thats a rational perspective. (Bloomberg -- Columnists)
COMMENT: Build Human Capital Jun 5, 2009
India has a comparative advantage in investments in human capital in these countries. The time has come for us to set up a department of international cooperation within the ministry of external affairs. (India Times, India)
Saudi Arabia-Washington trade may increase May 29, 2009
We don t have the comparative advantage in water, he said. " For us, water security is more important than oil security. While he said that most of his country s current emphasis is on funding agricultural growth in nearby Africa, especially Ethiopia, Alireza also discussed the potential of agriculture imports, alluding to Washington state. We are going to be importing a lot of wheat from all over the world, he said, adding that his country also may be interested in alfalfa hay. In Alireza s... (Puget Sound Business Journal, WA)
The industrial revolution May 27, 2009
The genius of British engineering undid Britain s comparative advantage, Mr Allen writes. But why did Britain have such high wages and cheap energy in the first place. (The Economist)
* Signing an ECFA wont make firms competitive May 17, 2009
The theory of comparative advantage says that trade liberalization pushes countries to further specialize in areas of expertise within the global division of labor. Regional trade agreements (RTAs) are conducive to market expansion and advancement of competition, which help competitive industries increase profits and further innovation through expanding economies of scale. (Taipei Times, Taiwan -- Sports)
Which green shootswill wilt first? May 13, 2009
That reduced a lot of the "comparative advantage" efficiencies in the world economy, whereby goods are manufactured in those countries with the best relative costs - thus a repeat of it would have had truly dire implications for global economic prospects, effectively reversing globalization in one bound. There was however another possibility, which was that US consumption declines caused an inventory backup in the Asian supply chain that, combined with the inevitable difficulties for exporters... (Asia Times Online)
Mahama and Arthur Kennedy fight for the Poor in Ghana. May 13, 2009
The three northern regions present a great opportunity where the region can tape into its comparative advantage of constant sunshine into Ghanas green energy base. Kennedy on the other hand identifies other issues such as bad schools, absent parents, especially in the big metropolis and a subculture that glorifies gangsterism. (Ghana Web, Ghana)
Lacker: Get Government Out of Wall Street May 12, 2009
"Banks' provision of backstop liquidity services is a way they can profit from their comparative advantage in accessing government funds in times of financial market stress," he said. The Fed has said on numerous occasions during the crisis that it needs new powers to wind down systemically important financial firms as a remedy for the 'too-big-to-fail" problem. Lacker said such powers would be welcome, but urged that the use of public money to bail out creditors is closely controlled. "I would... (Newsmax)
The merits of e-tourism May 11, 2009
Tourism SMEs can have a comparative advantage in this sector, offering a wide variety of attractions to todays increasingly demanding and sophisticated travellers. A tourism product in Malaysia that is becoming increasingly popular among local and foreign tourists is the homestay programme. (The Star Online, Malaysia -- Business)
Is Our Society Suffering From Economic Illiteracy? May 5, 2009
Marmite, which is full of vitamin B complex and made from "juni, has market in Europe and they are demanded in the form of "pkali" in West Africa. "Chihaa" also produces oil and has many other uses. Leaves of the baobab tree, which our people call "Topkaraa", and it is known in the sub region as "Kooka", has good market in Nigeria, Niger, Chad and some parts of Cameroon. Our topkaraa is superior to the ones produced in those areas. It is established that the French are now conducting a... (Ghana Web, Ghana)
With U.S. in slump, dual citizenship in EU countries attracts Americans Apr 18, 2009
"The devaluation of American citizenship for the sake of comparative advantage strikes me as fairly self-centered," Renshon said. Dual citizenship became a major issue during the War of 1812, when the British military tried recruiting, and in some cases forcing, British-born American citizens to fight on Britain's side. (The Palm Beach Post)
Shift to China deepens the global economic crisis Apr 8, 2009
Online Edition Powered By IOL. DisplayAds('SkyLEFT',17,). (Business Report, South Africa)
'Run-DMZ' and the axis of vaudeville Apr 4, 2009
The members of the band played up their Northern origins as their comparative advantage and attracted a modicum of press attention, both domestically and internationally. In sporadic television appearances, they performed songs that drew on North Korean shinminyo (new folk ballad) stylings and a heavy turtu ("trot", an older form of Korean pop music) influence. (Asia Times Online)
Budget airlines now have edge: Jetstar Mar 29, 2009
"At the moment, in a low fuel environment, the low cost model comes to the fore because our comparative advantage as far as other costs become a bigger area of the overall costs.". Mr Buchanan warned that advantage could be eroded very quickly in the current environment if fuel prices go back up. (Sydney Morning Herald -- Business)
