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why did china don't benefit from great divergence
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- Do you think the Heckscher-Ohlin model sufficiently explains trade between countries? Explain why you think yes, or noCan a Global South country change its status to Global North or vice versa?Would the model for mobile phone expansion apply to other less- or least-developed countries? Why or why not?
- The Gravity model predicts that two countries trade more the bigger they are and the closer they are to the equator. True FalseTRUE/FALSE Globalization can lead to a rise or boost to the international trade.What is the main differences between classical and HO Model in terms of post-trade production, consumption points and the determination of the world equilibirium price?
