https://rss.com/podcasts/international-studies Ever since 19th-century economists put forth their theories of international economics, the subject has consisted of two distinct but connected parts: (1) the “pure theory of international trade,” which seeks to account for the gains obtained from trade and to explain how these gains are distributed among countries, and (2) the “theory of balance-of-payments adjustments,” which analyzes the workings of the foreign exchange market, the effects of alterations in the exchange rate of a currency, and the relations between the balance of payments and level of economic activity.

]]> RSS.com 2026.401.141116 Fri, 17 Apr 2026 16:06:27 GMT en ee56f479-5cff-5e9b-8c5e-070caa114386 https://media.rss.com/international-studies/20231030_091044_f444e04e81fa56fedfc9d0482a98a9cf.jpg https://rss.com/podcasts/international-studies yes none Martin Mboya Martin Mboya false episodic podcast Paul Samuelson, improving on the earlier work of two Swedish economists, Eli Heckscher and Bertil Ohlin. The so-called Heckscher-Ohlin theory explains the pattern of international trade as determined by the relative land, labour, and capital endowments of countries: a country will tend to have a relative cost advantage when producing goods that maximize the use of its relatively abundant factors of production (thus countries with cheap labour are best suited to export products that require significant amounts of labour).]]> https://rss.com/podcasts/international-studies/1195806 ab556dd3-5d56-40b9-9077-e337db113e47 2976 full 1 1 2 2 false Mon, 30 Oct 2023 21:45:56 GMT