Ricardian model and heckscher-ohlin model, Business Management

1. Wage ratios must lie in between the inter-country productivity ratios.

2. Large countries are always less specialized.

3. Low wage countries have bigger gains from trade.

HECKSCHER-OHLIN MODEL:

1. Labor in a labour-abundant country will favour free trade.

2. Rise in labor supply has no effect on wage rates in the Heckscher Ohlin model.

Posted Date: 3/2/2013 1:19:39 AM | Location : United States







Related Discussions:- Ricardian model and heckscher-ohlin model, Assignment Help, Ask Question on Ricardian model and heckscher-ohlin model, Get Answer, Expert's Help, Ricardian model and heckscher-ohlin model Discussions

Write discussion on Ricardian model and heckscher-ohlin model
Your posts are moderated
Related Questions
What is the role of advertising in an integrated promotional strategy for Dell inc..

Over the past few years, the company iB4e has underperformed compared with its competitors which enjoy stronger brand recognition. In addition, lots of experienced staff responsibl

QUESTION 1 (a) Explain the term e-procurement and asses the pros and cons of e-procurement. (b) What are the challenges that may be faced in implementing e-procurement in th

Can you check my career goal if this is correct and if not can you re-write it for me..

What is the prime aim of a good inventory control? A good inventory control will aim to: 1. Procure material of good quality within time 2. It doesn’t to face shortage of

Explain some of the approaches for handling customer complaints and listening to customers

a) You are required to carry out a suitable time series analysis using the MINITAB project file SALES.MPJ.  The data set pertains to 8 years of monthly sales (£'000s) for a company

Question 1 What is culture? Explain its characteristics and list out the various types of culture Question 2 What is conflict in an organization? What are the sources and

i have to write a research paper on the topic on internationalization

Question 1: (i) Define a "bargaining unit". (ii) What are the factors, advocated by the Code of Practice of the Industrial Relations Act, 1973 which should be taken into a