December 2015
Intermediate to advanced
313 pages
16h 2m
English
Content preview from International Business, 2nd Edition by Pearson
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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
CHINA’S TRADE WITH LATIN AMERICA: BOON OR BANE?
China is using a tried and tested strategy of market access and nancial aid for its forays into
Latin America. The giant from the East has been quietly making countries from this region its
new trade ...
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