c hapter 6. international trade and investment. Chapter Objectives 1. Understand the motivation for international trade Summarize and discuss the differences among the classical country-based theories of international trade
Related searches for International Trade and Investment
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international trade and investment
Trade is the voluntary exchange of goods, services, assets, or money between one person or organization and another.
Internationaltrade is trade between residents of two countries.
New Product Stage
Maturing Product Stage
Standardized Product Stage
The intense competitiveness of Japanese market forces manufacturers to continually develop and fine-tune new products.
Country-Based Theories Developed Countries
Country is unit of analysis
Emerged prior to WWII
Developed by economists
Explain interindustry trade
Relative factor endowments
Firm is unit of analysis
Emerged after WWII
Developed by professors
Explain intraindustry trade
Country similarity theory
Product life cycle
Global strategic rivalry
National competitive advantageFigure 6.6 Summary of International Trade