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New Trade Theory
New Trade Theory
Lecture 8
Modern Firm-Based Trade
Theories
• Porte r qu es tion s ho w
Sw itzerl and and Jap an
coul d become succes s
stori es withou t ass umed
prere quisites .
4-32
De terminant s o f
Natio nal Comp eti tiv e Ad vantag e
Chance
Company Strategy,
Structure,
and Rivalry
Two external
factors that Factor Demand
influence the Conditions Conditions
four
determinants.
Related
and Supporting
Industries
Government
These include:
3. SUBSIDIES
4. EDUCATION POLICIES;
5. THE REGULATION OR DEREGULATION OF
CAPITAL MARKETS;
6. THE ESTABLISHMENT OF LOCAL PRODUCT
STANDARDS AND REGULATIONS;
7. THE PURCHASE OF GOODS AND SERVICE;
8. TAX LAWS;
9. ANTITRUST REGULATION.
Question