Introduction To Heckscher Ohlin's H-O Theory ↓
The Modern Theory of international trade has been advocated by Bertil Ohlin. Ohlin has drawn his ideas from Heckscher's General Equilibrium Analysis. Hence it is also known as Heckscher Ohlin (HO) Model / Theorem / Theory.According to Bertil Ohlin, trade arises due to the differences in the relative prices of different goods in different countries.
Monday, 21 March 2011
Heckscher Ohlin's (HO) Modern Theory of International Trade
Posted on 03:31 by Unknown
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