Critically evaluate the strengths and weaknesses of the Heckscher-Ohlin model of international trade with particular emphasis on the Leontief paradox in the context of the USA data and recent global empirical evidence.

Two section assignment

Section a: 1200 words)

Question 1

Critically evaluate the strengths and weaknesses of the Heckscher-Ohlin model of international trade with particular emphasis on the Leontief paradox in the context of the USA data and recent global empirical evidence. (Use equations, diagrams and tables where useful).