Bonaglia, Federico (contributor); … - 2003 - [Elektronische Ressource]
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natural resources (e.g. fertile land).
Second, according to standard Heckscher-Ohlin trade theory, a country’s trade …
structure reflects its comparative advantage, which is in turn determined by the relative
endowment of production factors (land …, labour, skill and capital). The relative abundance
DEV/DOC(2003)07
13
of land (per worker) and scarcity of skill (per …