If China Has a Comparative Advantage in Producing Low­

question 26

Essay

If China has a comparative advantage in producing low­
skilled, labor­intensive goods, what should happen to
Chinese low­skilled workers' wages as trade barriers
against Chinese imports fall across the world? What should
happen to returns to capital in China?

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Definitions:

Achievements

Accomplishments or successes achieved through effort, skill, or courage.

Cross-Cultural Leadership

Leadership that understands, respects, and integrates differences across cultures in practices and communications.

Honesty

The quality of being truthful, sincere, and free from deceit or fraud in actions and speech.

Inspirational Qualities

Traits or characteristics that motivate and uplift others, often seen in effective leaders.