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The paper presents a model of racial discrimination in a stylized two-sector dual economy model with direct foreign investment. Racial discrimination is analyzed both in terms of preferences and in terms of regulations that favor one ethnic group at the expense of another. The focus is on the...
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Eli Heckscher (1879-1952) is celebrated for his contributions to international trade theory, particularly the factor proportions theory of comparative advantage in international trade known as the Heckscher-Ohlin theory. His work in both economic theory and economic history is notable for...
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