Golf


Comparative Advantage and Golf in Costa Rica

January 28th, 2012 by Bob Cullen
Contemplating golf in Costa Rica, I think of the Law of Comparative Advantage. Perhaps you remember it from Economics 101. Put simply, it suggests that things be done in the place where they are done best. You could, perhaps, grow rubber trees in Alaska if you were willing to invest enough in greenhouses and heating oil. But why would you? There are tropical countries much better suited to growing rubber trees. Similarly, you can pla... Full Story