Question
Although growth in Canadian exports to India has been volatile and inconsistent over the last decade, Canadian exports to this partner have nevertheless been growing
Although growth in Canadian exports to India has been volatile and inconsistent over the last decade, Canadian exports to this partner have nevertheless been growing at a fast pace overall, with 12.6% growth in 2019. Likewise, goods imports from India continued to grow at a strong rate over the last decade, including in 2019, with positive growth every year. 3 a. (4) Using the Heckscher-Ohlin (H-O) theory, identify one product you would predict Canada would export to India and one product Canada would import from India. Be sure to explain why Canada would import and export each of these products. b. (6) As India's economy continues to grow, would we expect to see the trade patterns H-O predicts between India and Canada continue or change? Why?
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