international trade
Date Submitted: 02/26/2002 20:18:12
Category: / Law & Government / Government & Politics
Length: 5 pages (1396 words)
Category: / Law & Government / Government & Politics
Length: 5 pages (1396 words)
INTERNATIONAL TRADE (EC549)
EDI HOUADRIA ESSAY #1
Subject #2: Does the Leontief paradox invalidate the Heckscher-Ohlin model of trade?
Why and how countries trade has always been a difficult and capital question for economists. The Ricardian model explained trade patterns through differences in labour productivity, however international trade can only partially be explained this way. It has also been wildly believed that resource allocation also plays a vital role in how nations trade, Heckscher-Ohlin (H-O), two Swedish …
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