Season 8: Factor Endowment Theory by Hecksher-Ohlin
This is a Noble Prize winner theory. It comprises a 2X2X2 framework. Two countries, two commodities, and two production factors capital & labor. The theory proposes that countries must trade with factors of productions in a higher proportion. It is also thus called the theory of factor proportions. We discuss this remarkable theory in its details. 
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An Executive Coach, Leadership Facilitator, MBTI Practitioner, DISC Trainer, Saville International Accredited Assessor, Design Thinking Practitioner & People Analytics Professional.

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