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Theories of International Trade and International Investment - Coggle…
Theories of International Trade and International Investment
Mercantilism
Exports
Bring revenues
Imports
Cause a nation to pay
Gold
Silver
Absolute Advantage Theory
A country can produce more goods more efficiently than others based on
Natural Resources
Technological Resources
Exchange of Goods
Comparative Advantage Theory
Absolute advantage theory upgraded
what you give up for producing one product instead of the other
The Heckscher-Ohlin Model
Multiple factor of productions
Labor
Exporting goods from abundant resources
Capital
Theory of Trade: The Product Life Cycle
New product
New market
Higher demand
Porter's Diamond
Firm strategy, structure, and rivalry
Factor conditions
Demand conditions
Related and supporting industries