About how factor abundance-scarcity affects trade

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Reference no: EM13839816

The Heckscher-Ohlin model is about how factor abundance/scarcity affects trade. Consider factors such as capital, skilled labor and unskilled labor. It is usually held that developed countries are relatively abundant in capital and skilled labor, and developing countries are relatively abundant in 1 To future presenters: This is a nifty little site for trade data. 2 unskilled labor. Find recent data (after 2000), for a selection of developed and developing countries of your choice, on one or several of the following topics: capital-labor ratio, skilled-to-unskilled labor ratio, capital, skilled labor and unskilled labor as share of world total Present your finding in charts or tables. NOTE: You must find raw data, and do your own calculations if necessary. Provide sources and include links to data sites. You can NOT copy and paste an existing table or chart someone else has published anywhere including online.

Reference no: EM13839816

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