Talk:Comparative advantage

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Revision as of 11:29, 13 November 2007 by imported>Martin Baldwin-Edwards (→‎The Heckscher-Ohlin model)
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The Heckscher-Ohlin model

It doesn't seem right to mention the Hecksher-Ohlin model without noting that the United States (the world's most capital-intensive country) was since found to be exporting labour-intensive products and importing capital-intensive products. Since it seems to be generally accepted nowadays that factor endowments have no more than a minor influence upon trade patterns, is it worth mentioning Hecksher-Ohlin at all? Nick Gardner 10:34, 13 November 2007 (CST)
I think we need to mention the H-O-S model as something which is now looking rather irrelevant or even wrong. This is because many courses still teach it, and people will ask why it is not discussed here...--Martin Baldwin-Edwards 11:29, 13 November 2007 (CST)