Financial and Monetary Systems

These two Swedish economists foresaw a globalization backlash. In the 1930s

ATTENTION EDITORS - IMAGE 1 OF 22 OF PICTURE PACKAGE '7 BILLION, 7 STORIES - OVERCROWDED IN HONG KONG. SEARCH 'MONG KOK' FOR ALL IMAGES - People cross a street in Mong Kok district in Hong Kong, October 4, 2011. Mong Kok has the highest population density in the world, with 130,000 in one square kilometre. The world's population will reach seven billion on 31 October 2011, according to projections by the United Nations, which says this global milestone presents both an opportunity and a challenge for the planet. While more people are living longer and healthier lives, says the U.N., gaps between rich and poor are widening and more people than ever are vulnerable to food insecurity and water shortages. Picture taken October 4, 2011. REUTERS/Bobby Yip (CHINA - Tags: SOCIETY) - RTR2SQJP

Many economists had mistakenly expected Heckscher and Ohlin’s canon to become less relevant, but that’s changing. Image: REUTERS/Bobby Yip

Rodrigo Zeidan
Associate Professor, NYU Shanghai
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