Question: Explain the observed pattern of trade between nations that may be due in part to the ability of firms within a given nation to capture

  1. Explain the observed pattern of trade between nations that may be due in part to the ability of firms within a given nation to capture first-mover advantages
  2. Explain the new trade theory. Do you believe that this is the best explanation of a very complicated subject?
  3. Using the Porter Diamond, explain the national advantage of China in mass production of low to medium-tech products.

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