Which trade theory can we explain developed economies
like Uk, Germany by new trade theory or neoclassical trade theory?
how about developing economies like Bangladesh?
How can the principles of (a) classical conditioning
theory and (b) instrumental conditioning theory be applied to the
development of marketing strategies? Give examples to support your
ideas.
What is Factor- Endowment Theory of Trade? How is it related
with the Ricardian Theory of Trade (Comparative Advantage Theory of
Trade)? Explain how free trade among two nations does not only lead
to product price equalization but also to the factor price
equalization among the trading nations.
What is Factor- Endowment Theory of Trade? How is it related
with the Ricardian Theory of Trade (Comparative Advantage Theory of
Trade)? Explain how free trade among two nations does not only lead
to product price equalization but also to the factor price
equalization among the trading nations.
What is Factor- Endowment Theory of Trade? How is it related
with the Ricardian Theory of Trade (Comparative Advantage Theory of
Trade)? Explain how free trade among two nations does not only lead
to product price equalization but also to the factor price
equalization among the trading nations.
“New trade theory is at variance with the Heckscher-Ohlin
theory, which suggests a country will predominate in the export of
a product when it is particularly well endowed with those factors
used intensively in its manufacture.” (Hill & Hult, 2019)
Explain New Trade Theory. What is it? What does it depend
on?