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What is New Trade Theories and Industrial Policy about?

This document discusses theories of international trade from classical to modern approaches. It begins with classical theories from Adam Smith and David Ricardo that established the concept of comparative advantage. Later sections discuss the incorporation of demand factors, new theories incorporating increasing returns to scale and imperfect competition, and strategic trade theory which informed industrial policy in advanced nations. Theories of overlapping demand and strategic trade are explained in more

Author

Sahida Parveen

Language

EN