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3. Heckscher-Ohlin theory, Stolper-Samuelson theorem, and opinions about free trade Suppose Russia becomes a member of the World Trade Organization (WTO) and thus is more
3. Heckscher-Ohlin theory, Stolper-Samuelson theorem, and opinions about free trade Suppose Russia becomes a member of the World Trade Organization (WTO) and thus is more open to international trade. As a result, Russia's exports of wood products (which are intensive in land) and its imports of apparel (which are intensive in labor) both increase. According to the Heckscher-Ohlin theory, Russia is abundant in
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
