Explain factor-price structures considering the Hecksher-Ohlin (H-O) model.

International Trade Theories

Comparative advantage influences international trade patterns. Countries are constantly trying to achieve and/or maintain it. However, the determinants of a country’s comparative advantage are numerous. In a critical essay, please:

1- Explain factor-price structures considering the Hecksher-Ohlin (H-O) model.

2- Appraise the challenges that may be encountered by a developing versus a developed nation.

3- Analyze in which commodities, other than oil, will the Kingdom of Saudi Arabia have a comparative advantage according to the H-O model, after the Saudi Vision 2030 is fully implemented?

Directions:

the essay is required to be four to five pages in length, which does not include reference pages.

Support the answer with economic concepts, principles, and theories and provide at least four scholarly, peer-reviewed journal articles in which your answer is based on.

APA style guidelines, and use times new roman size 12 with double spacing. word document.

no plagiarism please.

Requirements: 4 pages

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