Being a bit pedantic, sorry, you seem to be using the term “comparative advantage“ to refer to “absolute advantage, in comparison to other countries”. I think it’s important to keep these concepts separate to avoid confusion. Well every country (or every individual) basically must have a compared advantage in some thing not every country will necessarily have an absolute advantage in anything.
Yes, you’re right— most of the examples are more in the absolute advantage camp. Would be keen to hear suggestions for NZ’s comparative advantage in the technical/economic sense too though 🙂
Being a bit pedantic, sorry, you seem to be using the term “comparative advantage“ to refer to “absolute advantage, in comparison to other countries”. I think it’s important to keep these concepts separate to avoid confusion. Well every country (or every individual) basically must have a compared advantage in some thing not every country will necessarily have an absolute advantage in anything.
Yes, you’re right— most of the examples are more in the absolute advantage camp. Would be keen to hear suggestions for NZ’s comparative advantage in the technical/economic sense too though 🙂