Zusammenfassung der Ressource
Chapter 6 - Trade Theory
- Nation level Explanations
- Contemporary Theories
- National industrial Policy
- New Trade Theory
- Economies of scale
- Porter's Diamond Model
- factor endowments
- demand conditions
- firm structure and strategy rilvary
- related supporting industries
- Competitive advantage of nations
- Classical Theories
- Mercantilism
- Country Surplus - zero sum game
- Absolute advantage principle
- Adam Smith - specialise in what they are efficient in
- Comparative Advantage principle
- Riccardo- opportunity cost
- Factor proportions theory
- Heckscher-Ohlin
- Leontief Paradox
- International Product Cycle Theory
- 3 stages, new product, maturing and standardised
- Firm level explanations