Economic Gains from Trade: Theories of Strategic Trade, Spanish Version Case Solution
The theory of competitive advantage is among the most broadly recognized economic principles among economists. Substantial historical evidence, along with the theory, indicate that free trade increases national income, while a country's riches is typically lowered by government intervention in trade relationships.
Based on research into imperfectly competitive sectors, some of the new theoretical research indicates it is potential to raise national wealth with particular kinds of government intervention in trade relationships. The research is referred to Tactical Commerce, or as the New International Economics theory. While intriguing, these commerce theories are used and often misunderstood. This note introduces four tactical theories of commerce. Additionally discusses several criticisms of these theories.
This is just an excerpt. This case is about GLOBAL BUSINESS
PUBLICATION DATE: June 14, 1996
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