Lecture 08: International Trade Theories - I

[@wasixsunil]

00:04 International trade theories and policies discussed in detail. 04:28 International trade theories focus on comparative advantages and limitations. 08:37 Specialization in trade results in increased production efficiency 13:36 International trade theories include specialization and comparative advantage. 16:23 International trade theories and competitive advantage. 21:33 South Korea has a disadvantage in international trade 25:08 European competitive advantage in free trade theory 28:51 International trade theories focus on country advantages and limitations

[@rocketwadotalati9959]

Sir there should be production with specialisation instead of consumption in absolute advantage 3rd table

[@indiantraveller194]

Very niece sir ji. 🙏🇮🇳😘

[@abhishekasthana1911]

In Absolute Advantage and Gain from the trade example, 1) Please Explain: How are Production and consumption without trade numbers are coming. (Assume it is coming from allocating 100 units of resources equally among the products) 2) Suggestion: Please replace "Increase in Consumption" by "Increase in Consumption opportunity" 3) Suggestion: Please replace "Consumption with Specialization" by "Production with Specialization"

[@Rndintech]

20 min to complete date 07/11/2023

[@abhishekasthana1911]

Sir... Fantastic video ... Its Coco in pronunciation :)

[@Krishnaa553]

I generally do not comment on KZbin. But this one deserves. The measure of effort of knowledge rich free videos back to back is diminished by one pronunciation mistake. He doesn’t claim to be an expert in English. He claims expertise in international business and there he is done good job. Now back to you: you claim to exhibit finer knowledge in English then you must correct spelling of video in your response. Let’s be adults, let’s not pull down people for inconsequential mistakes and appreciate for intent and effort.

[@abhishekasthana1911]

@@Krishnaa553 : Well, never did I undermine the effort of a great video and everyone is a learner. Why would you assume that it a pull down ... It is a honest observation ...

[@Krishnaa553]

@@abhishekasthana1911 I am glad you corrected spelling of word video in your initial comment as a result of this exchange. Hasta la vista!

[@abhishekasthana1911]

@@Krishnaa553 How can a SpellBee expertise be ignored ?