What is Heckscher Ohlin Theory? | International Business | From A Business Professor
Hello everyone, welcome to Business School 1o1! In this video, we’re diving into a fundamental concept in international trade theory: The Heckscher-Ohlin Theory. This theory, developed by Swedish economist Eli Heckscher and his student Bertil Ohlin, helps explain why countries trade and how their resource endowments determine the types of goods they export and import.
About Bertil Ohlin
Bertil Gotthard Ohlin (Swedish: [ˈbæ̌ʈːɪl ʊˈliːn]) (23 April 1899 – 3 August 1979) was a Swedish economist and politician. He was a professor of economics at the Stockholm School of Economics from 1929 to 1965. He was also leader of the People's Party, a social-liberal party which at the time was the largest party in opposition to the governing Social Democratic Party, from 1944 to 1967. He served briefly as Minister of Commerce and Industry from 1944 to 1945 in the Swedish coalition government ...
More about Bertil Ohlin→Added
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