Global trade debates often get mired in complex policy talk and nationalistic rhetoric. But what if the case for free trade could be made using nothing more than elementary math?
photo credit: Markus Winkler / Pexels
In this thought-provoking explanation, we revisit a classic business school example that reveals a fundamental economic truth: even when one country (or business) is better at everything, trade can still make everyone better off. It’s a simple yet powerful insight that every small business owner—and policymaker—should grasp.
CTO Larsson has just published an interesting take on tariffs, explaining the basic concept of trades and how tariffs are misunderstood. …
Continue reading
