Absolute and Comparative Advantage

It’s one thing to talk and read about global business and another to actually engage in global trade. The following interactive provides a brief introduction to doing just that, with a focus on just how countries behave to create a more productive global economy.

Globalization and Global Trade

You already read about how elements of different cultures are exchanged as part of global trade. In this video, consider South Korea’s decision to treat culture a product to export and how that related to their economic goals.

You can view the transcript for “Hallyu Explained” here (opens in new window).