Comparative Advantage Based on High /Low Productivity The Ricardian model implicitly specified two kinds of comparative advantage: those based on high versus on low productivity. In the original model of
An interesting piece on intensive mental competition in chess helps lose weight but while high stress can help lose weight, it is holistically a bad way to just reach one
This is an interesting piece and it shows how the laws of opportunity cost would apply. The first is time sensitivity. When the impossible burger first appeared, it was hailed
Four things fundamentally different between China and US is respect for truth, respect for rules, respect for others and respect for self. China is weaker relative to US in all four aspects. …
My personal experiences prove that in dealing with people who place materialistic gains on top of everything else, one would have a tough time! …
Two days ago I was driving a passenger who is a professional skier helping US Olympic team with fund raising and race organization. During the entire trip from somewhere in
According to this dictionary site, “Nowadays, sympathy is largely used to convey commiseration, pity, or feelings of sorrow for someone else who is experiencing misfortune. This sense is often seen in the
Previously we have listed problems with the current way of fighting wildfire, problems like inefficiency, labor intensive and risks. It is always easy to criticize than to change things. But we
Current way of fighting wildfires is inefficient, risky and labor intensive. We can do a much better job — if we open ourselves to new ideas in active fighting and passive protection! …
Middle income traps are caused by slowdown of productivity growth, which is ultimately caused by lacking human capital for innovations. China, like the Asia Tigers but unlike Latin American and African countries, are unlikely to fall into that trap mostly because its people care about obtaining and growing knowledge in science and technologies. That appetite was installed by parents who care about doing good school work and good grades, better than others. …
