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As has been further explained in the Heckscher-Ohlin theory, US would specialize in the production of those goods that tend to utilize its abundant resources in the economy. It also partly explains the increased volume of trade between the US economy and China. As per the tenets of the Heckscher-Ohlin theory, an economy would specialize in the manufacture of those goods which it is suited to produce and which utilizes its abundant resources in an optimal manner. Thus economies for which capital is abundant while the laborers are few should specialize in the production of those goods which are capital intensive in nature. Accordingly, US economy is regarded as the technological hub of the globe having wide access to capital and so it should specialize in the production of capital intensive products like nuclear reactors etc as it is endowed with the resources that are needed to manufacture these goods. On the other hand, China is a labor intensive country and hence it should specialize in production of those goods that utilize its cheap labor. Accordingly, both the economies can trade their excess output and benefit as specialization in the production as well as trade amongst generates higher standard-of-living and welfare for both the economies involved as per the findings of this theory (Why trade, 2011). China is deemed to have access to cheapest labor skills in the world and requires updated technology (which was the reason why the economy opened up) and as such, it exports labor intensive goods and imports technology. The relative value of labor intensive goods is lower as a result of which it does not figure in the list of top 5 categories of imports (by value) by the US but if the focus is on quantity, then the trade levels are higher.

代写毕业论文

如已在赫克歇尔俄林理论进一步解释说,我们将专注于那些商品,往往会在经济利用其丰富的资源的生产。这也部分解释了增加贸易量的美国经济和中国之间。根据赫克歇尔俄林的理论原则,经济将专业生产这些商品,它是适合的生产和利用其丰富的资源,以最佳的方式。因此,经济体资本雄厚,工人少应该专注于那些货物是资本密集性生产。因此,美国经济作为具有广泛的获得资本全球,所以应该专注于资本密集型产品如核反应堆等生产为它赋予所需要的生产这些商品资源的科技中心。另一方面,中国是一个劳动密集型的国家,因此它应该专注于那些商品,利用其廉价的劳动力,生产。因此,无论是经济贸易过剩的产量和效益都在生产专业化和贸易之间产生更高的两个经济体参与根据本理论的研究结果及生活福利标准(为什么贸易,2011)。中国被认为在世界上获得便宜的劳动力的技能和需要更新的技术(这是为什么经济开放),因此,它的出口劳动密集型产品和进口技术。劳动密集型商品的相对价值较低,因此,它不在前5种进口商品的人物名单(按价值)由美国如果重点是数量,那么贸易水平较高。

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