CHAPTER 4
International Trade Theories
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
- Understand the meaning of international trade
- Analyse the classical trade theories
- Compare and contrast the theory of absolute advantage and comparative advantage
- Relate the importance of the product life cycle theory with trade and product development
- Review recent trends in world trade
THE LOGITECH MOUSE
Logitech International is the world’s largest manufacturer of computer mice. Established in 1981 in Switzerland, it has headquarters in California, manufacturing is done in Taiwan, production in China, with parts being supplied from Malaysia and Philippines. Logitech is best known for its innovative cost effective products—mice, ...
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