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Analyse heckscher-ohlin theory

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(a) Demonstrate and compare the theories of absolute advantage and comparative advantage in international trade.

(b) Determine and analyse Heckscher-Ohlin Theory to improve the basis of international trade based on abundance or scarcity of factors of production like land, labour and capital.

(c) Among the assumptions for trade theories and models, discuss the effects of transportation costs in international trade, especially in the new digital economy with shared transport and logistics capabilities.

Reference no: EM132661254

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