BU111 Lecture Notes - Lecture 41: Absolute Advantage, Competitive Advantage, Comparative Advantage
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Per capita income is greater than 11 906 us$ Those whose per capita is greater than 3856 us$ Those whose per capita is greater than 976 us$ We may have the product that we can strip down to low manufacturing cost. These countries can rep an opportunity to sell a cheaper version of our product. Low education and literacy rates means that they cannot contribute to higher value industries cannot make new schools or better infrastructure. Some of these countries are so big that the economies within their regions are so diverse that you can have a high income region and a low income region ex: china. These places have some of the biggest companies in the world; populations among highest income earning consumers largest economies more influential financial markets. South africa: too many low income countries to be seen as a major marketplace. Us and canada are each other"s largest trading partner.
