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Lecture 3 on Modern Trade Theories focusing on the sources of Comparative Advantage, including the Heckscher-Ohlin Theory, Factor-Price Equalization, Trade and the Distribution of Income, U.S.-China Trade, and the impact of trade on poverty and wage inequality.

#trade#lecture#comparative advantage#modern trade theories#heckscher-ohlin theory#factor endowments#factor-price equalization#distribution of income#u.s.-china trade#wage inequality

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