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The transaction can be mutually beneficial: We gain cash worth more to us than the licenses/branding/machines, they gain licenses/branding/machines worth more t
by LeifCarrotson 4y ago
The transaction can be mutually beneficial: We gain cash worth more to us than the licenses/branding/machines, they gain licenses/branding/machines worth more to them than the cash. For the classic example, see:
https://en.wikipedia.org/wiki/Comparative_advantage#Ricardo's_example https://en.wikipedia.org/wiki/Comparative_advantage#Ricardo'...
Cutting them off from the global economy does damage their economy. No, burgers aren't as important as banking or bullets, but it's something.