How can this phenomenon be explained using the Heckscher-Ohlin model? Singapore in 1965 was a low-skill labour
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How can this phenomenon be explained using the Heckscher-Ohlin model?
"Singapore in 1965 was a low-skill labour abundant country compared to the rest of the world and exported low skill labour intensive goods like garments. Singapore's leader Lee Kuan Yew placed great emphasis on education. Then 25 years later, in 1990 Singapore started exporting high skill labour-intensive computer parts and importing garments."
Related Book For
Economics And The Environment
ISBN: 9781118539729
7th Edition
Authors: Eban S. Goodstein, Stephen Polasky
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