Transportation That Becomes More and More Advanced

 

You have two workers, Luca and Giacomo. If Luca is more efficient than Giacomo in all operations, he has an absolute advantage because in one day he is able to move and assemble more products than Giacomo. 

If, on the other hand, Luca is more efficient in moving and Giacomo in assembling, Giacomo will have a comparative advantage in assembling compared to Luca. 

The production of your company will therefore be more efficient by taking advantage of the comparative advantage, thus leaving Luca to do all the moving operations and Giacomo to do all the assembly ones. 

Moving this example into international manufacturing activities, comparing the activities of different countries there will always be a comparative advantage of one country over another, even in the absence of an absolute advantage. 

It is precisely for this reason that international trade must be favored, to increase the productivity and efficiency of countries. 

International Trade In Europe

The European Union is one of the most open economies to foreign markets, as well as being the largest single market in the world. 

One of the principles of the EU is free trade between member states, hence international trade.

Furthermore, the EU is also working with the WTO (World Trade Organization) to define more and more global standards and remove obstacles to international trade. 

Obviously, every trade agreement between the EU and other Jiangxi Mobile Phone Number interested countries is unique, has its own duties and must respect its own rules, but if you intend to enter international trade and you are within the European Union, things could be simpler. (or at least more facilitated) than you might think. 

 

 

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Italy In International Trade

According to the Report on Foreign Trade , which measures the attractiveness of 144 world economies, Italy ranks 18th overall , between Denmark and Belgium.

This report considers four main areas: openness, innovation, efficiency and endowment. 

It therefore seems that Italy’s main strength is its capacity for innovation, while its main weakness is efficiency. 

Have you been so passionate about international trade that you want to start selling abroad? Well, you are definitely in the right place

The production of your company will therefore be more efficient by taking advantage of the comparative advantage, thus leaving Luca to do all the moving operations and Giacomo to do all the assembly ones.

Moving this example into international manufacturing activities, comparing the activities of different countries there will always be a comparative advantage of one country over another, even in the absence of an absolute advantage.

 

 

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