Both the Heckscher-Ohlin and Michael Porter theories of tradefocus to a large degree on “factor endowments.” The Heckscher-Ohlintheory specifies endowments such as resources as land, labor,...

Both the Heckscher-Ohlin and Michael Porter theories of trade focus to a large degree on “factor endowments.” The Heckscher-Ohlin theory specifies endowments such as resources as land, labor, and capital as being critical, while the Porter theory recognizes hierarchies among these factor endowments. Education- related endowments such as skilled labor, research facilities, and technological know-how are what Porter calls “advanced factors.” A long-standing argument across multiple governmental organizations, research studies, and prominent individuals is that education drives economic, social, and environmental well-being of countries. The extension of this argument is that education helps people become better citizens of a country. But, what do you think education does to a customer’s product needs and wants? Do they want more foreign products if they have more years of education (e.g., graduate degree) compared with fewer years of education (e.g., high school)? Or does education not influence the type of products bought by customers (i.e., foreign-made or home-country made)?