International Trade Theory in the Real World

Number of Pages 11

International trade theory seeks to explain the reasons that motivation international trade, including the reasons why firms may import goods that they can produce and why they may import and export similar goods. The writer looks at the example of the US chemical industry, where there are imports and exports of similar goods and considers how international trade theory and theorists such as Smith and Ricardo can explain this trade pattern. Nine sources are cited in this eleven page paper.


File: TS14_TEchemcomp.rtf


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