The Leontief Paradox to Heckscher-Ohlin Theory | Economics
In this article we will discuss about:- 1. Introduction to the Leontief Paradox 2. Loentief Paradox and Evidence Related to Other Countries 3. Reconciliation 4. Criticisms. Introduction to the Leontief Paradox: The Heckscher-Ohlin theorem gave a generalisation that the capital-abundant counties tend to export capital-intensive goods while labour- abundant countries tend to export the labour- intensive goods. W.W. Leontief put [...]