Developing countries typically have a comparative competitive advantage over developed countries in _____.

Question

Quizplus · Accepted Answer

According to the concept of comparative advantage,developing countries typically have a comparative competitive advantage in cheap labor.On the other hand,developed countries have comparative advantages in such things as an educated workforce,manufacturing infrastructure and expertise,certain particularly well-developed industries,and so on.

Developing Countries Typically Have a Comparative Competitive Advantage Over Developed