The Heckscher-Ohlin Theory of International Trade Under Uncertainty

Raveendra N. Batra
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Raveendra N. Batra: Southern Methodist University

Chapter 3 in The Pure Theory of International Trade Under Uncertainty, 1975, pp 47-62 from Palgrave Macmillan

Abstract: Abstract One of the most fundamental issues in international trade theory concerns the determination of a country’s pattern of trade. The problem is to determine what goods a country will export or import. Stated differently, is it possible to prognosticate a country’s configuration of importables or exportables just by examining the characteristics of its closed economy? The answer to this question defines not only a country’s trade pattern but also the basis for the very presence of international trade. In other words, the explanation for the trade pattern is also, in general, an explanation for why a country trades at all.

Keywords: International Trade; Home Country; Pure Theory; International Trade Theory; Physical Definition (search for similar items in EconPapers)
Date: 1975
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02208-3_3

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DOI: 10.1007/978-1-349-02208-3_3

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