Endowment Theory (Hecksher-Ohlin-Samuelson) account North-South economic relationships? Illustrate point(s) Generally speaking the world is economically divided into two blocks; North and South. North is characterized by stronger, more stable and powerful economies whereas south constitutes the less developed, weaker nations. 1 One of the popular economic arguments is that although North encompasses the major economies of the world which dominate the important institutions but South cannot be overlooked as it

Capital stock in Vietnam has increased manifold in the past decade, and has fuelled the country's strong economic growth. Vietnam does not have extensive natural resources. Most of the country is heavily farmed. The country is self-sufficient in oil, gas and hydroelectricity however, which is a benefit. Crude oil is a major export commodity. Much of the other export commodities are farm-based (coffee, tea, rubber, rice). Vietnam's technology and innovation is

November 13, 2010); Ireland is facing severe headwinds for future growth. The depression of the real estate market and the decline in the availability of capital stock for investment through the banking system is of primary concern to policy makers. With the acceptance of the European Union bailout the demand for Ireland to incorporate austerity measures and increases in tax rates pose obturations for growth. An increase in the

4). 2.4 Effects of Environment: Concerns related to carbon emission were heightened in mid-2000s and in 2007 Al-Gore in his book 'An inconvenient Truth' condemned the big three saying "They keep trying to sell large, inefficient gas-guzzlers even though fewer and fewer people are buying them." In comparison to other developed countries in Europe and Asia, American standard for distance covered in one U.S. gallon was only 25 mpg (miles per gallon).

Question According to Staffan Linder, there are two explanations of international trade patterns-one for manufacturers and another for primary (agricultural) goods. Explain. To resolve the Leontief paradox, Linder proposed a demand-side theory of international trade, suggesting that nations with similar demand patterns develop similar industries, and this is how an international marketplace with differentiated goods develops. Consumers with similar levels of income have similar tastes, and the more affluent the nation, the

Trade Theory Intra-Industry International Trade Standard trade theory and its deviations The classical theory of international trade can be traced back to the founding father of capitalism Adam Smith: Smith's 1776 Wealth of Nations theorized that free trade would be beneficial to all nations. Smith stated that much like merchants, nations should specialize in the particular goods and services which they could produce most efficiently and trade with other nations who could produce