Comparative Advantage of US and Japan



Comparative Advantage of US and Japan

Introduction

This essay is intended to explain the different patterns of comparative advantages of US and Japan based on the national resources. United State has strengths in the natural resources such as minerals, forest products, agriculture, and land. United States has the strong technological capability which distinguishes it from the other countries. Japan has the limited land and natural resources as compared to America. Japan has strong operational as well as technological capabilities. It has brilliance in electronics and the innovative products. However, it is remarkably weak in chemical research as ...