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After watching both videos on the Heckscher-Ohlin Theorem, briefly explain what the HO Theorem is about, what the limitations are, and why economists use this model to analyze trade pattern between two countries. Additionally, research two countries and describe the trade pattern between the two countries chosen. Can you apply the HO Theorem to the trade patterns? Why or why not?
Use the LIRN library for sources – minimum 2 sources excluding your textbook. Do not use websites as sources – find journal articles instead. You can use Statista as a source for finding trade information between countries – trade data is not the same as trade patterns! You can find patterns by analyzing the trade data.
Minimum word count: 650 words; include a cover page and a separate reference page.
Please make sure you have an introduction, the main information/analysis you are presenting in your paper, and a strong conclusion. Follow APA guidelines!
For both videos, please copy and paste the link into your browser; these links are disabled for copyright reasons.
Video: The Heckscher-Ohlin Theorem
Video: Evidence on the Heckscher-Ohlin Theorem
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