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Least developed country cannot export anything

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Reference no: EM131334616

Choose one of the following two questions to discuss. If there are two original posts related to one question, then you have to choose the other question for your original post.

1. The world's Least Developed Country cannot export anything. There is no abundant resource in that country, not capital or land. And, for poor and small nation, even labor is not abundant.

Discuss the above statement.

2. In the U.S., most blue-collar (unskilled) workers favor import restrictions from developing countries. Discuss and explain this fact using Hecksher-Ohlin theory.

Reference no: EM131334616

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