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Why Countries Trade: The Theory of Comparative Advantage
Debaere, PeterTechnical Note DARDEN-G-0594-EThe theory of comparative advantage is a surprisingly common-sense idea, but it is often misunderstood. In this technical note, the basic theory of comparative advantage is presented with an example that drives home its logic when there are technological differences between countries. In addition, we look at some extensions that specify other sources of comparative advantage, as well as some related theories.Starting at €8.20
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The Big Three: Inflation, GDP, and Unemployment
Debaere, PeterTechnical Note DARDEN-G-0598-EKnowledge and CommunicationThis note gives descriptive statistics of inflation, GDP (growth), and unemployment. How the statistics are calculated is discussed and issues specific to the 'Big Three' are mentioned. The note is part of the refresher course in Economics at Darden for incoming MBA studentsStarting at €8.20
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Is the Diamond Capital of the World Losing its Sparkle? Diamond Trading and Cutting in a Changing Global Economy
Debaere, Peter; de Koninck, VincentCase DARDEN-G-0612-EKnowledge and CommunicationThe diamond industry has been subject to significant change. There is increased competition from low-wage countries such as India and China, the concern about blood diamonds, and policy issues affecting the viability of trading diamonds. In this case, we study how Antwerp's dominant position in the diamond trade is being challenged and eroded. The case offers a good opportunity to introduce and discuss comparative advantage and relate it to Hecks...Starting at €8.20
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Multinationals and Foreign Direct Investment
Debaere, PeterTechnical Note DARDEN-G-0613-EKnowledge and CommunicationMultinationals are active in different countries. This note explores why this is the case and how multinationals can be competitive in these foreign environments. At the same time, the note discusses recent trends in foreign direct investment (FDI).Starting at €8.20
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Thought This Was Easy? U.S.-Thailand Free Trade Agreement
Debaere, Peter; Davies, ChristineCase DARDEN-G-0621-EKnowledge and CommunicationThis case describes and analyzes the negotiations surrounding the U.S.-Thailand free trade agreement (FTA) that never materialized. The case offers an excellent opportunity to discuss the complexities of trade negotiations, the welfare analyses of FTAs (with trade diversion and creation), and the growth of FTAs and customs unions (CUs) as opposed to multilateral trade liberalizations.Starting at €8.20
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Fishy Issues: The U.S. Shrimp Antidumping Case - Teaching Note
Debaere, PeterTeaching Note DARDEN-G-0600TN-EKnowledge and CommunicationTeaching note for product G-0600Starting at €0.00
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Thought This Was Easy? U.S.-Thailand Free Trade Agreement - Teaching Note
Debaere, PeterTeaching Note DARDEN-G-0621TN-EKnowledge and CommunicationTeaching note for product G-0621Starting at €0.00
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Water Markets from an Economic Point of View
Debaere, PeterTechnical Note DARDEN-GEM-0110-ERecent droughts and the increase in food prices they trigger underscore that freshwater scarcity is bound to be a major challenge of the 21st century. Increased water demand due to population growth and rising living standards (with changing diets and lifestyles) strains available water resources. In spite of reports about an imminent water crisis, the world is not running out of water. Water is a renewable global resource of which there is more ...Starting at €8.20
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Water for Grain: The Great Plains in a Time of Globalization
Debaere, PeterCase DARDEN-GEM-0114-EEconomicsWater is an open-access resource, whose benefits can be enjoyed by many. This case on water use in America’s breadbasket, the Great Plains, illustrates the “tragedy of the commons” in an international context. The case details water depletion in the Ogallala Aquifer, which lies beneath the Great Plains. At the same time, questions are raised about what constitutes optimal use of groundwater resources and what the role of U.S. agricultural and tra...Starting at €8.20
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The Water Cycle, Climate Change, and (Some of) Their Interactions
Debaere, Peter; D’Odorico, PaoloTechnical Note DARDEN-GEM-0118-EEconomicsThis note is assigned in Darden's course elective, "Global Economics of Water." There is more than enough fresh water to satisfy the world’s needs. The primary concern, however, is the geographical mismatch between water needs and the availability of water to communities who need it. Hence, a major challenge for the 21st century is to better manage this mismatch. In this note, we focus on one particular factor-climate change-and how it may contri...Starting at €8.20