The economic theory of comparative advantage was a bombshell when it landed in the early 19th century. Previously it was assumed that countries trade based on their respective costs of production.

In the early 19th century David Ricardo formulated the principle of comparative advantage to explain mutual gains from trade among countries. He based it on a critical assumption: that capital did ...

Some countries will likely benefit – for instance the Indian skilled labor force might have an advantage over China facing increasing opposition and scrutiny over immigration. As such, companies ...

The report highlights AI's potential to reduce trade costs, reshape trade in services, boost trade in AI-related goods and services, and redefine economies' comparative advantages ...