Outsourcing and bailouts

Economists have been teaching the idea of comparative advantage -  it is better for a country to specialize in what they are good at and trade with others for the rest. This simple and elegant idea has been true all through history. As the meaning we attach to countries decline with borders opening up and immigration increasing, it is important to remember that comparative advantage is actually applicable to companies and individuals as well.  Although at the individual level, this has been f...