THEORIES OF INTERNATIONAL TRADE Flashcards by Gamaya, Mae Joy B Mae Joy B | Brainscape

Q

the exchanging methods of gods and services across the international borders

A

INTERNATIONAL TRADE

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Q

the exchange between two folks or entities in two different countries

A

INTERNATIONAL TRADE

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Q

THE 4 CLASSICAL COUNTRY-BASED THEORIES

A

MERCANTILISM
ABSOLUTE ADVANTAGE
COMPARATIVE ADVANTAGE
HECKSCHER-OHLIN

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Q

THE 4 MODERN FIRM-BASED THEORIES

A

COUNTRY SIMILARITY
PRODUCT LIFE CYCLE
GLOBAL STRATEGIC RIVALRY
PORTER’S DIAMOND MODEL

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