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Leontief paradox

From Citizendium - Reading time: 1 min


Leontief paradox [r]: The finding that (contrary to the Heckscher-Ohlin theorem the United States, which is the most capital-abundant country in the world, was exporting labour-intensive commodities and importing capital-intensive commodities. [e]

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Licensed under CC BY-SA 3.0 | Source: https://citizendium.org/wiki/Leontief_paradox
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