Assessing the Factor Endowment Theory in the Kingdom of Saudi Arabia.
In a critical essay, you will select a country of your choice and will compare your chosen country to KSA in relation to the factor endowment theory. For each country, discuss:
- What is the impact of resource endowments on comparative advantage?
- Is the factor-endowment theory a good predictor of trade patterns?
- What additional trade theories can be applied? Explain their main insights and challenges. As one of the trade initiatives in KSA, assess the aims of Saudi Vision 2030 in relation to factor endowment theory.
Answer preview:
Words: 1433 words