Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century

Simon Evenett 06 December 2017

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Contents

Foreword

Introduction
Simon J. Evenett

Part One: Ricardo’s insights then and now

Ricardo and comparative advantage at 200
Douglas A Irwin

The neglected subtleties of comparative advantage
Terry Peach

The long shadow that Ricardo has cast over the modern analysis of trade
Jonathan Eaton

Part Two: Ricardo’s relevance to understanding 21st century commerce

Comparative advantage in digital trade
Alan V Deardorff

Examining trade in services through Ricardo’s lens
Sébastien Miroudot

Ricardo’s comparative advantage has been denationalised
Richard Baldwin

International commerce and technology transfer measures two centuries after Ricardo
Przemyslaw Kowalski

Ricardo’s relevance in today’s open but heavily distorted world trading system
Simon J. Evenett

Part Three: The contemporary relevance of comparative advantage for decision-makers

Don’t blame Ricardo – take responsibility for domestic political choices
Ernesto Zedillo

Why managers still need to take account of comparative advantage
Pankaj Ghemawat

Welfare gains in a globalised world: Insights from Ricardo for the 21st century
Swati Dhingra

Ricardo and unilateral liberalisation
L Alan Winters

The distributional implications of US trade liberalisation with China
Justin R Pierce and Peter K Schott

Hostage to fortune: Local labour markets and the case for trade
Simon J. Evenett

Professor of International Trade, University of St. Gallen; Research Fellow, CEPR

Events