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Leontief Paradox

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Leontief Paradox
The concept that countries with a great deal of capital available import capital intensive commodities and export labor intensive commodities. This contradicts what one would expect: before the paradox was uncovered, economic theory held that countries would export according to their competitive advantages (that is, capital intensive countries would import labor intensive products and export capital intensive products). The Leontief paradox led to rejection or revision of the Heckscher-Ohlin theorem.
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The discovery of the existence of an overlapping trade relationship among the labor-intensive and capital--intensive economies, revealed the engagement of both economies in such trades, instead of each concentrating on their respective specialization, where both sectors can be expanded with trade irrespective of their products' intensity in labor or technology, and thus the Leontief Paradox, (1968).
In search of a general model of unemployment by Kooros, Syrous K. / Advances in Competitiveness Research
The authors move from describing the popular reasoning to explain the Leontief paradox and the balance of jobs methods for assessing globalization effects on employment.
As the world churns .. by Bergman, Bruce / Monthly Labor Review
The importance of human capital in explaining patterns of trade was first invoked as an explanation for the Leontief paradox - the observation that the United States, a relatively capital abundant economy, exported labor intensive goods.
International trade and the accumulation of human capital by Owen, Ann L. / Southern Economic Journal
 
 
 
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