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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will…

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The author begins by developing a new concept--the equalization region--which he uses to re-examine the assumptions and the logic of the Heckscher-Ohlin theory and of its principal part, the factor-price equalization theorem.

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This study of Peru's transformation from a tottering colonial economy based on extraction of precious bullion to a massive exporter of bulk goods like guano shows how a struggle between protectionists and free traders shaped the state. "This is an elegant and…