Essay
The Neoclassical Heckscher-Ohlin model assumes that all producers of any industrial product has knowledge of,and may avail itself of the same production technology available to producers in any other country.Many have flagged this identical technology assumption as unrealistic.During the past half century,the relative importance of Multinational Corporations (MNCs)in world trade has steadily increased.How would this trend affect the realism of the "identical technology" assumption?
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