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Heckscher-Ohlin Theory (H-O Theory) is an external trade theory developed to explain the causes of international trade based on differences in factor endowments. The theory was first proposed in 1919 by Swedish economist Eli Heckscher and later systematized by his student Bertil Ohlin in 1933. The H-O Theory extends Ricardo’s theory of comparative advantage by arguing that the fundamental determinant of trade between countries is differences in factor endowments. Unlike Ricardo’s theory, the Hec

Hürmüz Boğazı Joint Committee is a bilateral mechanism established to facilitate dialogue between the Sultanate of Oman and the Islamic Republic of Iran on matters concerning the navigation management of the Hürmüz Boğazı and to negotiate its future governance framework. The committee was established under Article 5 of the Islamabad Understanding signed between Iran and the United States of America. The committee’s first meeting was held on 29 June 2026 in Muscat the capital of Oman. Establishme

11.11, officially known as the “11.11 Global Shopping Festival” (11.11 Global Shopping Festival), is an event initiated by the Chinese e-commerce company Alibaba Group and has become one of the world’s largest online shopping events. The festival is held annually on November 11. The choice of date was influenced by the visual resemblance of 11/11 to four single individuals. As a result, the event is also known as “Singles’ Day” and is referred to internationally as “Double 11.” The term “Double