Comparative Advantage: China (Finally) Masters the BallPoint Pen
This is a vivid illustration of the growth challenges facing China as it seeks to move away from "Assembled in China" to "Designed and Made by China."
China manufacturers nearly 40 billion ballpoint pens a year (the video is a brilliant clip on economies of scale) but it has taken them years to master the manufacturing of one absolutely key component part!
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Economics Contributor
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- Comparative advantage
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Geoff Riley
Geoff Riley FRSA has been teaching Economics for thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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