The ¨rules¨ of international trade were written long ago, and although there are valuable lessons to be learned from the way that the Greeks and Romans established trade routes that took them halfway around the world, our modern concept of international commerce really began at the end middle ages. As shipbuilding and navigational technology improved it was only a question of time as to when the new European states would start to venture forth unto …showed first 75 words of 1201 total…

…showed last 75 words of 1201 total…countries are going to be better positioned than others to compete, and each nation must look for ways to grow in an era of diminished Comparative Advantage. Is the move to globalization always a positive one in terms of the local industry and living standards? In what areas does Latin America have Absolute Advantage? Comparative Advantage? What does this mean for Latin America's socio-economic growth? What policies would you recommend for countries in the region?