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

May 16, 2017

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

Our Impact

The Big Picture

Explore and monitor how Financial and Monetary Systems is affecting economies, industries and global issues

A hand holding a looking glass by a lake

Crowdsource Innovation

Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:

Financial and Monetary Systems

Image: The Conversation

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

More on Financial and Monetary Systems
See all

Policy Action to Mobilize Climate Finance, and Market Responses

Nov 30, 2023

What are green bonds and why is this market growing so fast?

Patrick Henry and Madeleine North

November 22, 2023

Here's why Africa is the world leader in digital and mobile banking

Andrea Willige

November 21, 2023

Speaking Gen Z: How banks can attract young customers

Bob Wigley and Rupal Kantaria

November 17, 2023

Global economic growth to slow in 2024, and other economics news to read this week

Rebecca Geldard

November 17, 2023

How ASEAN is making instant cross-border payments a reality

Sethaput Suthiwartnarueput and Guillaume Hingel

November 17, 2023