Explain why nations trade, using the Heckscher-Ohlin model. Further, explain the pattern of trade predicted by this theory. Use diagrams to illustrate your answer.

International Financial Management
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ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter19: Financing International Trade
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  1. Explain why nations trade, using the Heckscher-Ohlin model. Further, explain the pattern of trade predicted by this theory. Use diagrams to illustrate your answer.

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