Comparative advantage is a difficult story to grasp. Most of the world hasn’t got it yet so don’t be too surprised if it takes you some time as well. You may at first be bothered by the fact that we...

Comparative advantage is a difficult story to grasp. Most of the world hasn’t got it yet so don’t be too surprised if it takes you some time as well. You may at first be bothered by the fact that we did not explicitly discuss wages. Won’t a country like the United States be uncompetitive in trade with low-wage countries like Mexico?