From Citizendium, the Citizens' Compendium
The Heckscher-Ohlin model
- It doesn't seem right to mention the Hecksher-Ohlin model without noting that the United States (the world's most capital-intensive country) was since found to be exporting labour-intensive products and importing capital-intensive products. Since it seems to be generally accepted nowadays that factor endowments have no more than a minor influence upon trade patterns, is it worth mentioning Hecksher-Ohlin at all? Nick Gardner 10:34, 13 November 2007 (CST)
- I think we need to mention the H-O-S model as something which is now looking rather irrelevant or even wrong. This is because many courses still teach it, and people will ask why it is not discussed here...--Martin Baldwin-Edwards 11:29, 13 November 2007 (CST)
- I think that I have said all that is needed on this subject, but I am open to correction.
- I considered adding something on Samuelson-Stoper and much more on factor mobility, but decided that those topics would be better dealt with in the (unwritten) article on international economics.
Nick Gardner 09:30, 22 December 2007 (CST)