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Actually, the comparative advantages in China are of low labor cost most of the time. Compared with the labor cost in Europe and North America, the labor cost is much lower in China. And another important factor to make the low labor cost to be an advantage is of the technology. In China, the comparatively matured industrial technology that is not advanced but meets the requirements, and the reachable basic education resources that equip the labor with the necessary technologies to process have converted the low labor cost into an advantage. Therefore, in Africa, there are a lot of countries with low labor cost, but their low labor cost cannot be a comparative advantage because they are without the comparatively matured industrial technology and the reachable basic education resources...
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Common topics in this essay:
- The Relativity Of Comparative Advantage Of Low Labor Cost And The Absoluteness Of Technological Advantagesthe Relativity Of Comparative Advantage Of Low Labor Cost And The Absoluteness Of Technological Advantages
- Labor Cost
- BPO-Comparative Advantage v. Competitive Advantage
- comparative advantage
- How Labor Market Equilibrium Is Affected By The Supply And Demand Of Labor
- How Labor Market Equilibrium Is Affected By The Supply And Demand Of Labor
- Theory of Comparative Advantage
- comparative and absolute advantage
- Comparative Advantage: Electronic Stores
- Theory of Absolute Cost Advantage
- China Labor Force
- Explain why the theory of comparative advantage is the basis for international trade (mutual benefit from trade).
- Evidence Of Technological Change
- American Federation Of Labor And Industrial Workers Of The World
- “informatio Technology Can’t Really Give A Company A Strategic Advantage, Because Most Competitive Advantages Don’t Last More Then A Few Years And Soon Become Strategic Necessities Which Just Raise The Stakes Of The Game. Discuss Why?
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