Module 03: Critical Thinking Assignment International Trade Theories Comparati

Module 03: Critical Thinking Assignment
International Trade Theories
Comparative advantage influences international trade patterns. Countries are constantly trying to achieve and/or maintain it. However, the determinants of a country’s comparative advantage are numerous. In a critical essay, please:
Explain factor-price structures considering the Hecksher-Ohlin (H-O) model.
Appraise the challenges that may be encountered by a developing versus a developed nation.
Analyze in which commodities, other than oil, will the Kingdom of Saudi Arabia have a comparative advantage according to the H-O model, after the Saudi Vision 2030 is fully implemented?
Directions:
Your essay is required to be four to five pages in length, which does not include the title page and reference pages, which are never a part of the content minimum requirements.
Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles. Use the Saudi Digital Library to find your resources.
Use APA style
Textbook Carbaugh, R. J. (2019). International economics (17th ed.). Boston, MA: Cengage. ISBN: 9781337558938