The History of Foreign Trade and Foreign ExchangeOne of the most powerful and simple economic concepts of comparative advantage. It's as important as the concept and it's simple, but it rarely seems to inform public debate about international trade. Almost everyone can't compete with the country's cheap labor force. We have free trade with such countries, many workers' wages will lose their jobs or be reduced. It's true that they don't know what it is, people don't know what the problem is. Water on the Wicked Witch had the same effect on comparative advantage and understands concerns about free trade in the West. (Regardless of how much or how little their employees are paid) it is not unemployment or low wage growth, nor free trade with other countries. Indeed, the best method to raise the wages of workers in other countries through free trade (even very poorly paid workers) is to compete with workers. Comparative advantage compared to absolute. The simplest arguments for free trade in goods between different countries have absolute advantages. F...