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Why do you suppose that South-South trade does NOT conform in volume, but does conform in pattern with expectations generated by the Heckscher-Ohlin model?
Apparent Agency
A situation where a person appears to be, and is mistakenly believed to be, authorized to act as an agent for another party, thereby binding the principal in certain situations.
Agency By Estoppel
When a party's actions lead another to reasonably believe that a third party is their agent, resulting in legal recognition of the agency relationship despite no formal agreement.
Principal Conduct
The actions or behavior of the principal actor or party, especially in the context of business or law, focusing on the primary actions taken.
Togetherness
The feeling or state of being close to others, fostering a sense of unity and mutual support.
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