Editing Internationalization (section)

=== Heckscher–Ohlin model <small>''(Eli Heckscher, 1966 & Bertil Ohlin, 1952)''</small> ===
{{Main|Heckscher–Ohlin model|Eli Heckscher|Bertil Ohlin}}
The Heckscher–Ohlin model (H–O model), also known as the ''factors proportions development'', is a [[general equilibrium]] mathematical model of [[International economics|international trade]], developed by [[Eli Heckscher]] and [[Bertil Ohlin]] at the [[Stockholm School of Economics]]. It builds on [[David Ricardo]]'s theory of [[comparative advantage]] by predicting patterns of commerce and production based on the [[Factors of production|factor]] endowments of a trading region. The model essentially says that countries will export products that utilize their abundant and cheap {{Not a typo|factor(s)}} of production and import products that utilize the countries' scarce {{Not a typo|factor(s)}}.<ref name="blaug">{{cite book |title= The methodology of economics, or, How economists explain |last= Blaug |first= Mark |year= 1992 |publisher= Cambridge University Press |isbn= 0-521-43678-8 |page= 190 |url= https://books.google.com/books?id=T4y7HyduGnIC}}</ref>

The results of this work have been the formulation of certain named conclusions arising from the assumptions inherent in the model. These are known as:

* [[Heckscher–Ohlin theorem]]
* [[Rybczynski theorem]]
* [[Stolper–Samuelson theorem]]
* [[Factor price equalization|Factor-Price Equalization theorem]]