Bertil Ohlin

Bertil Ohlin was a Swedish economist known for his contributions to international trade theory. He developed the factor proportions theory, which explains how countries export goods that use their abundant resources efficiently. This theory highlights that a nation rich in capital will export capital-intensive goods, while a labor-rich country will export labor-intensive products. Ohlin shared the Nobel Prize in Economic Sciences in 1977, recognizing his influential work on trade patterns and economic development. His ideas helped shape modern economic policy and understanding of how countries interact in global markets.