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Unformatted text preview: process. From these, the mercantilist sentiments of protectionism have survived as neo-mercantilism. Newer trade theories have continued to tap comparative advantage, adding returns to specialization, economies of scale, and more. From the International Product Life Cycle to New Trade Theory, focus eventually moved to the firm from the country level. The chapter ends with a fusion theory that blends country-based and firm-based theories to explain why certain areas of certain countries are solid global competitors in certain industries. This is the Porter Diamond theory of national competitiveness. We explore the Diamond and Dunning's extension to it with the inclusion of activities of multinational enterprises....
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This note was uploaded on 11/07/2011 for the course IBUS 330 taught by Professor Nicholson during the Fall '07 term at S.F. State.
- Fall '07