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According to the _________, a given country can be globally dominant, even when it does not...

According to the _________, a given country can be globally dominant, even when it does not have any comparative advantage in such industry, or even when it does not have a significant domestic market. For such theorists, global dominance may rather arise from first-move advantages and economies of scale.

  

Ricardo's comparative advantage theory

  

New Trade Theory

  

Michael PorterÕs theory of competitive advantage of nations

   

Smith's absolute advantage theory

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Answer #1

New Trade Theory

This theory states that economies of scale are considered to be an important factor for superior performance gloabally or internationally as well.

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