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

Two hundred years ago, with a simple yet profound example about England trading cloth for Portuguese wine, David Ricardo introduced the Principle of Comparative Advantage. In this eBook, leading trade policy analysts examine whether Ricardo’s insights remain valid in a world where services as well as good cross borders as does data and technology, where there is a rising China whose growth is heavily dependent on exports, and in the face of a backlash against globalisation.

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Citation

Evenett, S (2017), ‘Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century‘, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Evenett, S (2017), ‘Introduction: Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Irwin, D (2017), ‘Ricardo and comparative advantage at 200‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Peach, T (2017), ‘The neglected subtleties of comparative advantage‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Eaton, J (2017), ‘The long shadow that Ricardo has cast over the modern analysis of trade‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Deardoff, A (2017), ‘Comparative advantage in digital trade‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Miroudot, S (2017), ‘Examining trade in services through Ricardo’s lens‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Baldwin, R (2017), ‘Ricardo’s comparative advantage has been denationalised‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Kowalski, P (2017), ‘International commerce and technology transfer measures two centuries after Ricardo‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Evenett, S (2017), ‘Ricardo’s relevance in today’s open but heavily distorted world trading system‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Zedillo, E (2017), ‘Don’t blame Ricardo – take responsibility for domestic political choices‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Ghemawat, P (2017), ‘Why managers still need to take account of comparative advantage‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Dhingra, S (2017), ‘Welfare gains in a globalised world: Insights from Ricardo for the 21st century‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Winters, L (2017), ‘Ricardo and unilateral liberalisation‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Pierce, J and P Schott (2017), ‘The distributional implications of US trade liberalisation with China‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century

Citation

Evenett, S (2017), ‘Hostage to fortune: Local labour markets and the case for trade‘, in Evenett, S (eds), Cloth for Wine? The Relevance of Ricardo’s Comparative Advantage in the 21st Century, CEPR Press, Paris & London. https://cepr.org/publications/books-and-reports/cloth-wine-relevance-ricardos-comparative-advantage-21st-century