Chapter 5 Theories of International Trade and Investment

A photo of two Asian women workers inside a plant manufacturing electronic parts.

Source: humphery/Shutterstock

Learning Objectives

After studying this chapter, you should be able to:

  1. 5.1 Explain why nations trade.

  2. 5.2 Learn about how nations can enhance their competitive advantage.

  3. 5.3 Understand why and how firms internationalize.

  4. 5.4 Explain the strategies internationalizing firms use to gain and sustain competitive advantage.

Apple’s Advantages in Global Competition

Since inception, Apple has sold more than 1.2 billion iPhones in 120 countries. Apple achieved worldwide sales of $230 billion dollars in 2017 with net income of more than $48 billion dollars. ...

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