January 1973
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238 Reads
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5,150 Citations
The Economic History Review
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January 1973
·
238 Reads
·
5,150 Citations
The Economic History Review
... The theory of comparative advantage states that countries have an advantage in specializing in products for which they have an absolute advantage (Smith 1937) or relative advantage (Ricardo 1817). African countries have an abundance of fertile land, large water reserves, a diverse climate, and an abundance of labor due to a remarkable positive demographic change. ...
January 1973
The Economic History Review