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Explain the factor proportions theory by heckscher and ohlin

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Briefly explain the factor proportions theory by Heckscher and Ohlin. What, in your view are the major shortcomings for this theory? do the new trade theories help to overcome these deficiencies? Explain, using a critical comparisons of the two approaches. Which of the above approaches do you think best accounts for the trade pattern between south Africa and the rest of the world

Reference no: EM13876588

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