What is at Stake in Trade Theories?
1,885 views · Published 10 June 2015 · 4:40 · Indexed 28 October 2026
Channel: Marginal Revolution University · 2015 · Education
What are the economic, political, and philosophical issues at stake when we examine competing theories of international trade? This video takes a look at how one's worldview may differ depending on whether they follow factor endowment theories of trade or increasing returns to scale. When it comes to factor endowments, one may look at the resources a country brings to the table, the supply of labor as well as the incentives to work, and the natural resources available within a country. International Trade course: http://mruniversity.com/courses/international-trade Ask a question about the video: http://mruniversity.com/courses/international-trade/what-stake-trade-theories#QandA Next video: http://mruniversity.com/courses/international-trade/economics-offshoring
