Analysis of the Hecksher-Ohlin Model

The Hecksher-Ohlin theory is a theory of a long-term general balance where the two factors of production taken into account, namely work and capital, are interchangeable among the fields of activity. This theory considers that the relative advantage of each country depends on the combination of the production factors (capital, work, nature) which ensure a proportion which is comparatively or relatively higher than the more abundant factor and, therefore which may allow a production cost, which is relatively or comparatively low of the merchandise to be exported.Hecksher-Ohlin theory, relative advantage, comparative advantage, work, capital

ANALYSIS OF THE HECKSHER-OHLIN MODEL

The Hecksher-Ohlin theory is a theory of a long-term general balance where the two factors ofproduction taken into account, namely work and capital, are interchangeable among the fields ofactivity. This theory considers that the relative advantage of each country depends on thecombination of the production factors (capital, work, nature) which ensure a proportion which iscomparatively or relatively higher than the more abundant factor and, therefore which may allow aproduction cost, which is relatively or comparatively low of the merchandise to be exported

Competitiveness of Romania’s South-East Region in the European Context

The European interventionist policy is much stronger on the regional level than on the level of national states. Each economic activity in Europe’s regions has now its own place on the European market economy. Creating a European market is important due to its size and economic potential. The Central and Eastern Europe is a potential area of new markets expansion and organization. Moreover expansion and trade are becoming important to the entire European economy as well as all its regions.region, regional development, competitiveness, European Union

The Knowledge Economy

We are living through a period of profound change and transformation of the shape of society and its underlying economic base .The nature of production, trade, employment and work in the coming decades will be very different from what it is today. In an agricultural economy land is the key resource. In industrial economy natural resources, such as coal and iron ore and labour are the main resources. A knowledge economy is one in which knowledge is the key resource. One in which the generation and the exploitation of knowledge has come to play the predominant part in the creation of wealth.Key words: knowledge economy, globalization, organization, comparative advantage

The Knowledge Economy

We are living through a period of profound change and transformation of the shape of society and its underlying economic base .The nature of production, trade, employment and work in the coming decades will be very different from what it is today. In an agricultural economy land is the key resource. In industrial economy natural resources, such as coal and iron ore and labour are the main resources. A knowledge economy is one in which knowledge is the key resource. One in which the generation and the exploitation of knowledge has come to play the predominant part in the creation of wealth.knowledge economy, globalization, organization, comparative advantage

THE WORK FORCE MIGRATION ABROAD AND ITS ASPECTS IN AN EMERGENT ECONOMY-ROMANIAN MARKET

The contemporary migration is considered a phenomenon that proliferates rapidly, its main engine being the globalization. According to the United States Division of Population, the international migration currently includes approximately 200 million persomigration, employment, highly qualified persons

Consumers’ satisfaction regarding fast food restaurants

In recent years there has been a significant increase in the number of fast food restaurants. An important aspect of the global and national success of these companies can be ascribed to the consumers’ satisfaction regarding the products they offer, while media promotes the negative effects on the health of individuals. Satisfied consumers will repeatedly buy the respective products and will also recommend them to others; for the company this is reflected in economic and social efficiency. The government, consumers and other entities play a significant role in ensuring food quality and safety. The purpose of the research is to identify the attributes of fast food products and restaurants that contribute to consumers’ satisfaction regarding the products and services offered by them.peer-reviewe

The American Mortgage Crisis Implications on the international economics evolutions

Shock waves that produce large cracks deepen existing political, economic and social, and sometimes a new order replaces the old. In 2010, states across the world over blast, which invariably will lead to changing the current world order. Last twenty years have seen major changes in international economic context, the Soviet Union collapsed and centralized economies in Eastern Europe, reforms in China and India, export-based growth strategies in East Asia, all leading to the creation of a world economy market and also bringing 4 to 5 billion people.mortgage crisis, financial crisis, stock market, bank loans, international trade

International Navigation Market

Economic record of human society in the last period has involved an unprecedented growth of world trade, trafficking of basic raw materials needed for industry and agriculture, and trade in industrial products or food. To the huge volume of movement of goods, shipping takes back the role of first order both quantitatively as well as efficiency. This situation is encouraged by factors such as diversification of trade, number of participants in this process and the increasingly complex international trade