Peer Review

Peer Review

Peer Review

Peer Review: At first, I would like to appreciate the fact that David had an idea on comparative advantage when little was known about economics and international trade. His model has helped in the advancements in economics (Ricardo). Although he used a simple model, I would like to point out that he managed to bring out a clear picture of comparative advantage through his example of US and Mexico.

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The article is well-done and well thought (Zhang). The model is simple; the author delivers his message (Zhang). He has done an excellent job in making a clear conclusion that each country should utilize its labor and capital to achieve a competitive advantage. However, the writer has over emphases on labor as a key factor affecting comparative advantage. He should take a consideration of a balanced mix of factors of production.

Feng, Y. (n.d.). Ricardian model .

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  • Length: 353 Words (1)
  • Rating:Better Essays
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