International trade is based upon the concept ofrelative advantage said by
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Ricardian trade theory. David Ricardo developed this international trade theory based in comparative advantage and specialization, two concepts that broke with mercantilism that until then was the ruling economic doctrine.
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Ricardian trade theory. David Ricardo developed this international trade theory based in comparative advantage and specialization, two concepts that broke with mercantilism that until then was the ruling economic doctrine.
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