12038

Evaluation of the Adequacy of the Trade Theories' Assumptions to Explain the Impact of NICs/Regions on International Trade

International trade patterns and importance of trade regions changes in the course of time according to changing needs of humankind and entrepreneurial interest in increasing return hence looking for ways to accomplish it. Several numbers of trade theories have been developed to date to explain international trade. In this paper, classical trade theories, modern trade theory, new trade theory and a number of other contemporary approaches will be evaluated in terms of their validity and ability to explain international trade, particularly the impact of NICs on international trade.

Anahtar Kelimeler:

-

Evaluation of the Adequacy of the Trade Theories' Assumptions to Explain the Impact of NICs/Regions on International Trade

Keywords:

-,

PDF

___

Acharya, R.C. (2008), “Analysing International Trade Patterns: Comparative Advantage for the World's Major Economies”, Journal of Comparative International Management, 11(2), 33-53.
Andersen, P. (2006), “Regional Clusters in a Global World: Production Relocation, Innovation, and Industrial Decline”, California Management Review, 49(1), 101-122.
Biggeri, M. & S.K. Mehrotra (2007), Asian informal workers: Global risks, local protection, London: Routledge.
Brooks, D.H. & D. Roland-Holst & F. Zhai (2008), “Behavioral and empirical perspectives on FDI: International capital allocation across Asia”, Journal of Asian Economics, 19(1), 40-52.
Carolan, T. & N. Singh & C. Talati (1998), “The composition of U.S.-East Asia trade and changing comparative advantage”, Journal of Development Economics, 57(2), 361-389.
Fletcher, I. (2011), “Why It Is Wrong”, Social Policy, 41(1), 37-46.
Krugman, P. (1979), “Increasing Returns, Monopolistic Competition, and International Trade”, Journal of International Economics, 9(4), 469.
Krugman, P. (1980), “Scale Economies, Product Differentiation, and the Pattern of Trade”, American Economic Review, 70(5), 950-959.
Krugman, P. (1986), “Industrial Organization and International Trade”, NBER Working Papers, (1957), Cambridge: National Bureau of Economic Research, Inc.
Krugman, P. (2009), “The Increasing Returns Revolution in Trade and Geography”, American Economic Review, 99(3), 561-571.
Lall, S. (1998), “Exports of manufactures by developing countries: emerging patterns of trade and location”, Oxford Review of Economic Policy, 14(2), 54.
Leontief, W. (1953), “Domestic production and foreign trade; the American capital position re-examined”, Proceedings of the American Philosophical Society, 97(4), 332-349.
Linder, S.B. (1961), An essay on trade and transformation, Stockholm: Stockh. (osv.),
Lo, F. & Y. Yeung & Chinese University of Hong Kong (1996), Emerging world cities in Pacific Asia, Tokyo: United Nations University Pres.
Mankiw, N.G. (2006), Principles of economics for UCI, Mason, OH: Thomson/South-Western.
Mill, J.S. (2009), Principles of political economy: With some of their applications to social philosophy, S.l.: Bibliolife.
OPEC Basket Price (2012), OPEC, , 31 December 2012.
Posner, M.V. (1961), “International Trade and Technical Change”, Oxford Economic Papers, 13(3), 323-341.
Puga, D. & D. Trefler (2010), “Wake up and smell the ginseng: International trade and the rise of incremental innovation in low-wage countries”, Journal of Development Economics, 91(1), 64-76.
Ricardo, D. (1819), On the principles of political economy and taxation, London.
Smith, A.J. (2010), “The competitive advantage of nations: is Porter’s Diamond Framework a new theory that explains the international competitiveness of countries?”, Southern African Business Review, 14(1).
Smith, A. (1776), Wealth of Nations, Generic NL Freebook Publisher.
Suranovic, S.M. (2010), International trade: Theory and policy, Irvington, N.Y: Flat World Knowledge, Inc.
Teece, D.J. (1998), “Capturing Value from Knowledge Assets: The New Economy, Markets for Know-How, and Intangible Assets”, California Management Review, 40(3), 55-79.
The World Bank (1989), “Policy, Planning and Research Department working papers”, , 3 December 2012.
Uchida, Y. & P. Cook (2005), “The Transformation of Competitive Advantage in East Asia: An Analysis of Technological and Trade Specialization”, World Development, 33(5), 701-728.
Vachani, S. (1997), “Economic Liberalization’s Effect on Sources of Competitive Advantage of Different Groups of Companies: the Case of India”, International Business Review, 6(2), 165-184.
Vernon, R. (1966), “International Investment and International Trade in the Product Cycle”, Quarterly Journal of Economics, 80(2), 190-207.