ECON 4261 International Trade Theory
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International Trade Theory as per the course ECON 4261 International Trade Theory is a sub-field of economics which sees the patterns of international trade, its origins, and its welfare implications. International trade theory and economics both have expanded as means to assess the effects of trade policies.
Following are the major theories of international trade under course ECON 4261 International Trade Theory:
- Country Similarity Theory - Country similarity theory was developed by Swedish economist Steffan Linder.
- Product Life Cycle Theory - product life cycle theory was developed by Raymond Vernon, a Harvard Business School professor.
- Global Strategic Rivalry Theory.
- Porter's National Competitive Advantage Theory.
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