Chapter 4 Outline
The Gains
from Trade--Ghana and South Korea
Introduction
An Overview
of Trade Theory
The Benefits of Trade
The Pattern of International Trade
Trade Theory and Government Policy
Mercantilism
Absolute Advantage
Comparative
Advantage
The Gains from Trade
Qualifications and Assumptions
Simple Extensions of the Ricardian Model
Heckscher-Ohlin
Theory
The Leontief Paradox
The Product
Life-Cycle Theory
Evaluating the Product Life-Cycle Theory
The New Trade
Theory
National Competitive
Advantage: Porter's Diamond
Factor Endowments
Demand Conditions
Related and Supporting Industries
Firm Strategy, Structure, and Rivalry
Evaluating Porter's Theory
Implications
for Business
Location Implications
First-Mover Implications
Policy Implications
Chapter Summary
Critical Discussion
Questions
The Rise of
the Indian Software Industry
Notes
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