Business

Porter’s National Competitive Advantage Theory In the continuing evolution of international, trade theories, Michael Porter of Harvard Business School developed a new model to explain…

Global Strategic Rivalry Theory of International Trade Global strategic rivalry theory emerged in the 1980s and was based on the work of economists Paul Krugman…

Product Life Cycle Theory of International Trade Raymond Vernon, a Harvard Business School professor, developed the product life cycle theory in the 1960s. Products come…

Country Similarity Theory of International Trade Swedish economist Steffan Linder developed the country similarity theory in 1961, as he tried to explain the concept of…

Leontief Paradox of International Trade In the early 1950s, Russian-born American economist Wassily W. Leontief studied the, US economy closely and noted that the United…

Comparative Advantage of International Trade The challenge to the absolute advantage theory was that some countries may be better at producing both goods and, therefore,…

Mercantilism theory of International Trade International trade is the exchange of capital, goods, and services across international borders or territories, which could involve the activities…

International trade is the exchange of capital, goods, and services across international borders or territories, which could involve the activities of the government and individual.…

Trade is a fundamental economic perception involving the buying and selling of goods and services, with return paid by a buyer to a seller, or…

Terms of trade, the relationship between the prices at which a country sells its exports and the prices paid for its imports. If the prices…