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International Trade Will free trade and perfect competition lead to an equalization of wage rate internationally? Explain through the Heckscher-Ohlin Model. Why would the wage

International Trade

Will free trade and perfect competition lead to an equalization of wage rate internationally? Explain through the Heckscher-Ohlin Model. Why would the wage rate greatly vary between developed and developing countries, in the same sector in a real world situation, even after the adoption of free trade?Explain thoroughly

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