Korea Stock Market Monthly Recap #26 (June 2018)

Independent Insight Provider

Stewart Paterson

Macroeconomics

<p>There is a yawning gap between the theories of free trade and the actual practice. In theory everyone should lose from a trade war because the law of comparative advantage means that countries specialize in the production of good and services to which they are best suited and therefore there is a cost of using domestic resources to replace imports because by definition you are less efficient at their production than the country from which you are importing. In some cases, hydrocarbons for…</p>

There is a yawning gap between the theories of free trade and the actual practice. In theory everyone should lose from a trade war because the law of comparative advantage means that countries specialize in the production of good and services to which they are best suited and therefore there is a cost of using domestic resources to replace imports because by definition you are less efficient at their production than the country from which you are importing. In some cases, hydrocarbons for…

Why Trump Will Win the Trade War.