| 单词 | Leontief paradox |
| 释义 | Leontief paradox The observation by Wassily Leontief that in spite of being the world's most capital-rich country, the US appeared on average to have exports that were slightly more labour-intensive than its imports. This was thought to be paradoxical because the Heckscher-Ohlin model of international trade led people to expect that US exports would be capital-intensive and its imports would be labour-intensive. Two possible explanations for the paradox are: first, that the simple Heckscher-Ohlin model ignored the role of natural resources in affecting trade; and second, that because of its large investments in human capital which gave it a highly skilled labour force, the effective US labour supply was much larger than the mere numbers of workers would suggest. |
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