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10 cards from this deck
Producing with fewer resources & lower cost than other nations
Focus on what you produce most efficiently vs other options
Developed countries (more capital & highly-skilled workers)
Cars: advanced factories, skilled engineers, efficient systems
Yes, through comparative advantage & specialisation
Attracts foreign investment, increases govt revenue & infrastructure
More jobs, higher per capita income, better living standards
Countries work together on poverty, climate & health challenges
Benefits not distributed fairly, don't reach poorest people
Currency instability, asset bubbles, volatility, vulnerability
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