It is crucial to know your area of comparative advantage. Many think this basic economics concept is passé but that not true at all.
It is at the heart of the differences in competitiveness and productivity of countries.
Imagine me collecting a form for Miss World Competition!
It is at the heart of the differences in competitiveness and productivity of countries.
Imagine me collecting a form for Miss World Competition!
As our world will gradually ease into a Post-CoronaVirus phase when countries reposition their economies, the African countries that will take-off faster and create new opportunities are the ones whose Political Leaders and Policymakers understand Comparative Advantage. /2
As it is with countries, so it is at the individual level. Learn to play to your area of strength, young ones. That’s was comparative advantage helps you do.
Know for a fact that I will never pick a form for any Beauty Contest but there are areas of comparative strength for me./3
Know for a fact that I will never pick a form for any Beauty Contest but there are areas of comparative strength for me./3
Countries and Citizens need to start already preparing themselves for the Post-COVID—19 global economy.
No waiting until later.
The Production Systems of the world will witness radical changes.
Our continent has prospects but it requires understanding Comparative Advantage.✍🏾
No waiting until later.
The Production Systems of the world will witness radical changes.
Our continent has prospects but it requires understanding Comparative Advantage.✍🏾
