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10152275
Chapter 6 - Trade Theory
Description
Comparative Advantage Absolute Advantage Porter's Diamond New Trade Theory Competitive advantage of nations
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trade theory
business/economics
Mind Map by
Jodie Arnold
, updated more than 1 year ago
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Created by
Jodie Arnold
over 7 years ago
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Resource summary
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
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