Int Econ-Ch04-S2012 International Economics 国际经济学课件培训资料.pptxVIP

CHAPTER F O U RThe Heckscher-Ohlin and Other Relevant Modern Trade TheoriesThe Classical Theory of International Trade: ImplicationsThe basis for international trade is differences in opportunity cost, not differences in productivity. A product will not necessarily be cheaper, just because it is produced in a country with higher productivity.The Classical Theory of International Trade: ImplicationsThe Ricardian Theory implies that…1. Countries should specialize in the production of a good in which they have relatively lower opportunity cost (comparative advantage).The Classical Theory of In