In a globalized world, Richard's Law of comparative advantage tells us that the economic activity in each country will increasingly be concentrated into fewer i

In a globalized world, Richard's Law of comparative advantage tells us that the economic activity in each country will increasingly be concentrated into fewer industries. For example, it would no longer make sense to build cars in Australia if Mexico can do it better and cheaper. https://www.investopedia.com/terms/c/comparativeadvantage.asp https://www.investopedia.com/terms/c/comparativeadvantage.as... This trend might reverse a bit. Populist tariffs and increasing transport costs are generally driving up the prices of imported goods in many countries.