One of the core principles of trade economics is that of “comparative advantage.” First described by David Ricardo, the theory says that countries are best off if they specialize in products that…

Siddhesh Kaushik, Julia Oliver |

Diversification of a country’s exports – increasing both the number of products it produces and the destinations of those products – is considered part of the path to development. Many economists…

Gonzalo Varela, Julia Oliver |

In 2009, an EU-based chemical manufacturer opened a plant inside one of FYR Macedonia’s recently-established special economic zones. The plant began production of catalysts, a type of emissions-…

Jose Guilherme Reis, Julia Oliver, Thomas Farole |