Explains David Ricardo’s theory of comparative advantage and the refinement of his model by Eli Heckscher and Bertil Ohlin developed. Provides some criticism of the Heckscher-Ohlin theory, including empirical demonstration of the Wassily Leontief, that the type of U.S. imports and exports were exactly contrary to the predictions of the theory.

Explains David Ricardo’s theory of comparative advantage and the refinement of his model by Eli Heckscher and Bertil Ohlin developed. Provides some criticism of the Heckscher-Ohlin theory, including empirical demonstration of the Wassily Leontief, that the type of U.S. imports and exports were exactly contrary to the predictions of the theory.
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David B. Yoffie,
John J. Coleman
6 pages.
Publication Date: Jul 31, 1986. Prod #: 387023-PDF-ENG
Note on Comparative Advantage HBR case solution