Heckscher-Ohlin theory

Specific Factors of Production: the Essence and Features of the Use in the Conditions of Economic Recovery

Modern international trade is becoming more and more complicated, competition on world markets is intensifying, increasing export volumes requires new approaches to managing production factors. The distribution of production factors among economic sectors and the level of their mobility within the country and abroad depend on the evaluation of the factors' characteristics. Factors of production are no longer homogeneous, even the same industry sometimes requires factors with different characteristics.