Trade Theory Heckscher Ohlin Theory plus the Leonteif Paradox

In this video I give a brief explanation of the Hecksher-Ohlin theory and the Leontief paradox.
The Heckscher-Ohlin theory of trade predicts patterns of trade based on nations' relative factor endowments. In other words, the relative amount of labour, land and capital available in the country. A county is predicted to export products that a produced using factors that are relatively more abundance. This is because abundant factors are likely to be relatively cheaper.
The Leontief paradox show that this might not always be the case.

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[@humsisingh]

So true!!

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Only if it was half as interested as leontief paradox 😂😂

[@cedricblanc1997]

I'm an economics student and your videos are brilliant, thank you! And your voice is so calm, it's like uploading information straight onto my brain!!

[@ryanzale9186]

One of the big reasons the model still holds is that when we account for productivity, we can see that abundance changes. For example, before accounting for productivity, in 2013 the United States arable land was only 13% of the worlds total arable land. Though, when we account for productivity, it became 20.7% of the worlds "effective" arable land.

[@humsisingh]

Amazing video, beautifully explained! Thanks for sharing.

[@osmanmuneer1947]

O dear it's very loving and to the point explanation

[@magnanimoushi1086]

Learned lot from this video! thank you!

[@adraingee447]

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[@CrazyShootFotoshop]

Thank you so much. Helpful.

[@aynureimanova9410]

Perfect explanation

[@ShawnaLaw]

Very Helpful! Thank you :)

[@tspark1071]

Simple and quantitative relativity concept such as labor intensive or capital intensive etc. does not fully explains the comparative power. The quality of resources plays an important role. The intelligece and higher education also helps

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so helpful thank u sir...

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Thank you

[@Ahmedy199]

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[@youssefbennani2226]

From the theory explained in this VDO, what kind of products that Thailand should import and export?

[@michaelmedlock4345]

I don't have that much knowledge of Thailand, so this conjecture. Thailand has a relatively large area of high quality arable land that is particularly suited to rice cultivation. Therefore, rice exports. As for imports, it is most likely to be goods that require large amounts of capital inputs. However, as I said earlier, I don't really know Thailand, so I would be interested to find out what someone more knowledgeable about the country has to say.

[@johnderfgonzales1153]

Very Great

[@musicismylife975]

protectionism is the reason for this leontief paradox 😅

[@Ali_Shakh]

nice video, however, you have a typo in the description Leontief

[@ajaydev501]

2:30 heath ledger 😁😁

[@eithanlevy2655]

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