The theories of absolute and comparative advantage and the product life cycle all contribute to the explanation of the international trade process. Select two to three different types of products and discuss the likelihood that:

(a) an innovating country, 

(b) a rapidly developing country, and 

(c) an emerging country would enjoy an absolute advantage, a comparative advantage, or no particular advantage as each of the products moves through the four stages of the product life cycle. Be sure to cite examples and explain your reasoning.

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an innovating country The dictionarys definition of innovation is the introduction of ... View the full answer