Norway's trading pattern

Слайд 2

Export

Oil and gas
Fish
Tree products (paper)
Weapons

Source: SSB and Menon Economics 2018

Export Oil and gas Fish Tree products (paper) Weapons Source: SSB and Menon Economics 2018

Слайд 3

Import

- Transportation (cars and airplanes)
- Manufacturing
Electronics and clothing
- Food

Import - Transportation (cars and airplanes) - Manufacturing Electronics and clothing - Food

Слайд 4

Norway and comparative advantage

Oil and gas
Fish
Hydropower

Norway and comparative advantage Oil and gas Fish Hydropower

Слайд 5

Heckscher-Ohlin model

Factor endowments:
Capital, land, labor and technology
Comparative advantage
Available resources

Heckscher-Ohlin model Factor endowments: Capital, land, labor and technology Comparative advantage Available resources

Слайд 6

Heckscher-Ohlin model and Norway

- Capital: technology
- Land: large sea area
- Labor: shortage

Heckscher-Ohlin model and Norway - Capital: technology - Land: large sea area
of labor
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