Select a country in comparison with KSA in relation to the factor endowment theory

Select a country in comparison with KSA in relation to the factor endowment theory.

In a critical essay, For each country, discuss:

1. What is the impact of resource endowments on comparative advantage?
2. Is this theory a good predictor of trade patterns?
3. 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: 1310

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