371% per annum; out of these, 15% live below the poverty line. The income distribution within South Korea is uneven and it has often been considered as an effect of a corrupted political system and an increased criminality (You, 2005)
The difference in technology results in advantageous international trade. On the other hand, the Hecksher-Ohlin model uses two factors of production labor and capital (Carbaugh, 2004)
$20 per kilogram net, plus 30% of FOB price). Specific tariffs are less transparent than ad valorem tariffs and they tend to discriminate against developing countries (Kirchbach and Mimouni, 2003)
International Economics How does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns? In the Ricardian model only one factor of production, labor, is needed to produce goods and services (Suranovic)