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International Business, 3rd Edition
book

International Business, 3rd Edition

by Vyuptakesh Sharan
June 2010
Intermediate to advanced
628 pages
20h 50m
English
Pearson India
Content preview from International Business, 3rd Edition

3

Theories of International Trade

pearson

France

 

CHAPTER OBJECTIVES

The present chapter explains the theoretical basis of international trade. The focus, in particular, is to:

  • Explain the various theories of international trade, ranging from the mercantilist version to classical theories of absolute and comparative cost advantage, the factor endowment theory, neo-factor proportions theory, country similarity theory, intra-industry trade, trade in intermediate products and services, and finally, Porter’s theory of national competitive advantage.
  • Discuss the static and dynamic gains from trade.
  • Explain terms of trade and their various forms.
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Publisher Resources

ISBN: 9788131732519