B. What is the most plausible trade model (theory) that should
be used to explain why Paris and Rome are still the MOST IMPORTANT
fashion centers (Chanel, Vuitton, Pierre Cardin, Zegna, Ferragamo
etc.,) or Switzerland is the center of high quality watch
manufacturing (Patek Philippe, Breguet, Rolex etc., ) despite the
fact that labor costs are relatively high in these countries and
cities. Explain and DRAW A GRAPH TO ANALYZE THE SITUATION.