In a critical essay, you will select a country of your choice (US) and will compare your chosen country to Saudi Arabia in relation to the factor endowment theory. For each country, discuss:
1) What is the impact of resource endowments on comparative advantage?
2) Is the factor-endowment theory a good predictor of trade patterns?
3) What additional trade theories can be applied? Explain their main insights and challenges. As one of the trade initiatives in Saudi Arabia, assess the aims of Saudi Vision 2030 in relation to factor endowment theory.
● Your essay is required to be four to five pages in length, which does not include the title page and reference pages, which are never a part of the content minimum requirements.
● Support your submission with course material concepts, principles, and theories from the textbook and at least three scholarly, peer-reviewed journal articles.
● APA style – Times New Roman 12pts – Double spaced.