Question
focus on Mobility of Labor and Capital. I would be looking for clear understandings of the theory and applications to the real world trade in
focus on Mobility of Labor and Capital. I would be looking for clear understandings of the theory and applications to the real world trade in your posts. Use explanations, observations, examples from your experience or readings to elaborate on the theory and your perspective about the applicability of the theory in current world trade and globalization patterns. You should base your response around at least one of two the following prompts : 1. In light of migration of labor and capital, what are your views regarding impact of immigration on outputs and gains of countries? How does the real-world scenarios in this regard contrast with theory? How immigration restrictions or capital controls play a role in impacting these outcomes? 2. Explain impact of migration of labor and capital on factor prices (wages and rental rates on capital) in real-world scenarios and contrast with theoretical predictions from Rybczynski Theorem. How immigration restrictions or capital controls play a role in impacting these outcomes?
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