- by Kevin Cawley
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There are two types of advantages.
A comparative advantage is when you have or can produce more of something than someone else. (Person, country, whatever.)
An absolute advantage is when you have or can do or produce something others can’t. This can be threshold matter: in World War II the Allies had more than enough oil and the Axis didn’t have enough to run their war machine. While in numbers terms it looked like a comparative advantage, it was actually an absolute advantage: it strangled Axis production and their ability to field mechanized troops, aircraft and ships. Up until the nuclear bomb, in terms of tech, the opposing great powers were about equal, but in terms of the key resource required to run everything, the Allies were in surplus and the Axis never had enough.
The most famous brand from each American state
Dutch farmers are in open struggle against a cartel of multinational corporations, Davos-aligned parties and NGO’s seeking control over the global food supply. “They are sweeping the culture from the land,” a farmer laments. HEERENVEEN, NETHERLANDS –– The Netherlands is a patchwork of quaint towns and cities interwoven with flat expanses of immaculately-kept green agricultural pasture. The road and rail infrastructure are near-flawless. You could search for weeks without finding a pothole. It is one of the most expensive countries […]
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The Prize Committee is delighted to announce that the article by Lee Jones and Shahar Hameiri titled “COVID-19 and the failure of the neoliberal regulatory state,” published in the journal, Review of International Political Economy has won the 2022 Australian International Political Economy Network (AIPEN) Richard Higgott Journal Article Prize.