Capital and Labor

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August 31, 2024 4 min read Definitions
Leontief Paradox: Challenging Traditional Trade Theories
Economics International Trade Leontief Paradox Heckscher-Ohlin Model International Economics Trade Theories Capital and Labor
The Leontief Paradox observes that the US, despite being the world's most capital-rich country, had exports that were labor-intensive rather than capital-intensive, challenging the Heckscher-Ohlin model of international trade.
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