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Sagot :
The Ricardian model can be used to analyze offshoring while the Heckscher-Ohlin model only analyzes trade in finished products. There is no difference since the offshoring, Ricardian, and Heckscher-Ohlin trade models can be used to analyze offshoring.
The Heckscher-Ohlin model is an economic theory which proposes that countries export what they can produce most efficiently and plentifully . It's used to evaluate trade as well as , the equilibrium of trade between two countries which have varying specialties and natural resources
The Ricardian model shows that if anyone wants to maximize total output in the world, then one should fully employ all resources worldwide, allocate those resources within countries to each country's comparative advantage industries, allow the countries to trade freely thereafter.
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