Gain from international trade based on comparative advantage

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The idea that international trade should be based on the comparative advantage of each country is fine for rich countries like the United States and Japan. Rich countries have educated workers and large quantities of machinery and equipment. These advantages allow them to produce every product more efficiently than poor countries like Kenya and Bolivia have nothing to gain from international trade based on comparative advantage.

Do you agree with this argument? briefly explain.

Reference no: EM131006672

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