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Geography and Development, Trade

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This video is part of the Marginal Revolution University team.

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Taxes can reduce trade but so can mountains! What do we learn about trade and growth by paying attention to geography? This video also contrasts the different theories of trade offered by David Ricardo and Adam Smith. Ricardo is in the textbooks but Adam Smith's arguments may be more important.

Corresponding lesson: http://mruniversity.com/geography-and-development-trade