which of these is not a part of new trade theory of international trade
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New Trade Theory is a combination of economic models and it was presented in 2003.
What is New Trade Theory?
- New Trade Theory focuses on increasing the returns of network effects.
- It was originally developed in the 1970s.
- The new trade theory suggests that trade should be globalized.
- Companies that work with international markets earn more than the ones that rely on the local market only.
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