Globalization has its detractors as well as supporters. Concerns have been expressed about the greater ease of fragmenting the production process so that more parts can be outsourced to a variety of countries. Highly developed regions worry about the possibility of greater unemployment or lower...

A blend of the Specific Factors and Heckscher-Ohlin models can be fashioned, making use of some of the ideas in the earlier vintage capital literature. At any given time, production in many sectors reflects past decisions to create sector-specific capital in those sectors. In addition, current...