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What is Heckscher Ohlin Theory about?

The Heckscher-Ohlin Theory explains international trade based on differences in resource availability between countries, emphasizing that countries export goods that utilize their abundant factors and import goods that require scarce resources. Developed by economists Eli Heckscher and Bertil Ohlin, the theory has limitations due to unrealistic assumptions and has been challenged by phenomena such as the Leontief Paradox. Despite its shortcomings, the theory provides valuable insights into trade patterns an

Author

Adiii

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EN