[thoughtomator]

Comparative advantage is an obsolete concept in a world where the factors of production can move across national borders.

[Dat Mon]

YOU SAID...."Comparative advantage is an obsolete concept in a world where the factors of production can move across national borders."

Thanks for responding to my questions and engaging the topic.

Its an interesting question to me. It seems to me that if we are going to be moving post haste down an economic road, in accordance with a global or macro economic model, that we ought to understand just where we are going, and what metrics we will use along the way to measure our success.

Now these other two talk capitalism, but apparently don't have a clue beyond just reciting ideology they may have read in a novel.

Hey guys, if you don't know...just say so...its cool!

[Pelham]

Craig Roberts maintains that what we are witnessing is international labor arbitrage, not comparative advantage. Comparative advantage could be beneficial, but labor arbitrage that simply pursues the lowest wage structure possible isn't.