Answer to Question #92370 in Economics for alamba

Question

In light of the Ricardian model, how might you evaluate the claim by developing countries that they are at a disadvantage in trade with powerful industrialized nations?

Answer 1

In light of the Ricardian model, the claim by developing countries that they are at a disadvantage in trade with powerful industrialized nations is not true, because all the countries may have a comparative advantage in producing of some goods.