Mind map
Chapter 6 - Trade Theory
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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
- Mercantilism
- Contemporary Theories
Firm level explanations
Information
- Description
- Comparative Advantage Absolute Advantage Porter's Diamond New Trade Theory Competitive advantage of nations
- Created by
- Jodie Arnold
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