Will free trade and perfect competition lead to an equalization of wage rate internationally? Explain through...

Will free trade and perfect competition lead to an equalization of wage rate internationally? Explain through the Heckscher-Ohlin Model (draw and then describe graph). Why would the wage rate greatly vary between developed and developing countries in the same sector in a real world situation, even after the adoption of free trade?

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Rahul Sunny answered 1 year ago

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