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1. In the late 1970s, a large part of athletic shoe production shifted from plants in the United States to plants in South Korea. In
1. In the late 1970s, a large part of athletic shoe production shifted from plants in the United States to plants in South Korea. In late 1993, it was reported that South Korean shoe manufacturers had suffered a large decline in jobs and sales because, due to rising wages, shoe production had shifted to Indonesia and China. How might these moves in product location fit within the product cycle theory? How might we use the Heckscher-Ohlin model to explain these developments
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