📖 Multilateral Free Trade Agreements: A Simulation Study..

Trade Scenarios between the Netherlands, China and India. Netherlands specializes in the production of Milk, China in the production of Electronics and India in the production of Sugar. Netherlands uses Land as its core factor of production, China uses technology as its core factor of production and India uses labor as its core factor of production. Netherlands Exports Milk, China Exports Electronics and India Exports Sugar. This Represents a 3X3X3 Heckscher Ohlin Setting.