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  • Chapter 4 - Resources and Trade - Heckscher-Ohlin Model

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    39 views6 pages

    Chapter 4 - Resources and Trade - Heckscher-Ohlin Model

    Uploaded by

    Daniell
    Module

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 6
    Republic of the Philippines Bicol University College of Business, Economies Management Daraga, Albay| THE HECKSCHER- OHLIN MODEL Chapter IV International Trade and Agreements BA Core Course 6 Republic of the Philippines Bicol University College of Business, Economics Management Daraga, Albay| £ A OVERVIEW ‘The Heckscher-Ohlin theory considers the pattern of production and trade which will arise when countries have different endowments of factors and production, such as labor, capital and land. Basically, a country exports goods that are intensive if the factors with which it is abundantly supplied. The theoretical and related empirical findings are presented in this chapter. 0 B. OBJECTIVES a. Be knowledgeable about the basic concept of the Heckscher-Ohlin Model. b.Develop thorough understanding of the theorems of H-O Model. ¢.Be able to know the relationship of such theorems to intemational trade. = ~ C, LEARNING OBJECTIVES ‘Through the course of this topic, the learners shall be able to demonstrate knowledge on the basic concepts of the Heckscher-Ohlin model, and apply it in the context of international trade. D. INSTRUCTIONS

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