This game is set in the "Hechscher-Ohlin world", and your mission is to make an island (a country) prosper by trading.
Play the Trade Ruler Game
About the game
The Heckscher-Ohlin trade theory is about how two countries can get greater gains from trading with each other if they have different resources – one have more labor and the other have more capital (that is technical equipment and machinery).
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The Nobel Prize
The 1977 Prize in Economics was awarded for a theory showing that countries engage in and benefit from trade if their production resources differ from each other.
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Trade is presented with the support of the Riksbank.
To cite this page
MLA style: "Trade". Nobelprize.org. Nobel Media AB 2014. Web. 9 Jul 2020. <http://educationalgames.nobelprize.org/educational/economic-sciences/trade/>