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Off the top of my head, the advantage in having bananas grown near you verses imported from Panama is that they are possibly fresher. This is assuming they can
by bobajeff 2y ago
Off the top of my head, the advantage in having bananas grown near you verses imported from Panama is that they are possibly fresher. This is assuming they can grow in your area and are in season of course. Produce is a special case in this regard locally sourced can potentially be healthier.
That is to say everything isn't objectively always 100% better with globalization and specialization at least not until come up with faster methods of shipping.
- Retric 2y ago> assuming they can grow in your area You can grow bananas in Alaska, but you can’t simply plant them outside. Thus my example assumes greenhouses built to a large enough scale to handle trees which is a major economic and environmental cost. Comparative advantage applies to a huge range of things not just bananas. You could mine cobalt basically anywhere at extreme expense, but everyone is better off when that happens in locations that naturally have extremely high concentrations of cobalt.