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Explain the concept of intra-industry international trade

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Explain the concept of intra-industry international trade (IIT) and the alternative ways of it can be measured. Distinguish between intra-industry trade and inter-industry trade.

Explain what contribution is made to the explanation of intra-industry trade patterns by Linder's demand similarity theory.

Explain what contribution is made to the explanation of intra-industry trade by the product life cycle theory.

Reference no: EM132649425

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