Importance of modern trade theories

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Reference no: EM133553925

Assignment:

What are the factors that led to the transition (in the 1990s) from the previous theories including Mercantilism, Comparative Advantage, Huckster-Ohlin theory to the importance of modern trade theories including the New Trade Theory and the consequent theory(ies)? Explain with the use of examples and characteristics of the current theories.

Reference no: EM133553925

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