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The Heckscher-Ohlin Theory of International Trade Under Uncertainty

  • Raveendra N. Batra

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 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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Copyright information

© Raveendra N. Batra 1975

Authors and Affiliations

  • Raveendra N. Batra
    • 1
  1. 1.Southern Methodist UniversityUSA

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