Add Papers Marked0
Paper checked off!

Marked works

Viewed0

Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

eKönyvtár library
FAQ
 
  • How Does the Heckscher-Ohlin Model Explain the Basis of Comparative Advantage?

     

    Essays4 Economics

Great deal: today with a discount!

Regular price:
1 627 Ft
You save:
212 Ft
Discounted price*:
1 415 Ft
Purchase
Add to Wish List
ID number:304676
Evaluation:
Published: 01.12.1996.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

As the Nations in the world become closer and closer nowadays, the international trade seems to be another way for them to communicate with each other. Obviously everyone knows that some international trade is beneficial, while nations generally gain from international trade, however it is quite possible that international trade may hurt particular groups within nations. The reason that international trade produces this increase in world output is that is allows each country to specialize in producing the good in which it has a comparative advantage. A country has a comparative advantage in producing a good if the opportunity cost of producing that good in terms of other goods is lower in that country than it is in other countries.i.e labour cost is cheap in China, so China has a comparative advantage in labour output. According to classical economists, comparative advantage was based on the difference in the productivity of labour among nations, but they provide no explanation for such a difference in productivity, except for possible differences in climate. …

Author's comment
Work pack:
GREAT DEAL buying in a pack your savings −2 378 Ft
Work pack Nr. 1259492
Load more similar papers

Send to email

Your name:

Enter an email address where the link will be sent:

Hi!
{Your name} suggests you to check out this eKönyvtár paper on „How Does the Heckscher-Ohlin Model Explain the Basis of Comparative Advantage?”.

Link to paper:
https://eng.ekonyvtar.eu/w/304676

Send

Email has been sent

Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?

Facebook

Not registered yet?

Register and redeem free papers!

To receive free papers from eKönyvtár.com it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register