Heckscher-Ohlin Trade Theory

Описание к видео Heckscher-Ohlin Trade Theory

This video discusses the modern theory of international trade developed Heckscher and Ohlin. According to this theory, the relatives differences in commodity prices is stems from the relative differences in the supply of factor Endowment and in turn lead to factor prices differences between trading countries. Therefore comparative advantage is explained in the theory in terms of factor endowment.

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