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.
Read more about this prize
Trade is presented with the support of the Riksbank.
To cite this page
MLA style: "Trade". Nobelprize.org. Nobel Prize Outreach AB 2021. Web. 12 Apr 2021. <http://educationalgames.nobelprize.org/educational/economic-sciences/trade/>