Question

which of these is not a part of new trade theory of international trade​

Answer 1

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.