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Determine the major contribution both theories have added

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Reference no: EM131114839

Interpret the classical theory of Trade using research:

Research three to five scholarly articles and conduct a literature review to compare and contrast Adam Smith's absolute advantage versus Ricardo's comparative advantage. Determine the major contribution(s) both theories have added to the field of international economics and provide examples where appropriate.

Support your paper with 4-5 scholarly resources. In addition to these specified resources, other appropriate scholarly resources may be included.

Length: 6-7 pages, not including title and reference pages

Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA 6th Edition standards.

see the article for helpful links and articles on these two specific theories. below is the citations for each article attached as .pdf

Article: Ricardo's Theory of Comparative Advantage: Old Idea, New Evidence By Arnaud Costinot and Dave Donaldson.

Costinot, A., & Donaldson, D. (2012). Ricardo's theory of comparative advantage: Old idea, new evidence. The American Economic Review, 102(3), 453-458. doi:https://dx.doi.org/10.1257/ aer.102.3.453

Dorobat, C. E. (2015). A brief history of international trade thought: From pre-doctrinal contributions to the 21st century heterodox international economics. The Journal of Philosophical Economics, 8(2), 106-137.

Reference no: EM131114839

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