A critique of modern theories of trade

Godwin Uddin

MPRA Paper from University Library of Munich, Germany

Abstract: This article recapitulates some of the trade theories reputed to be of the twentieth century. Here, the Heckscher-Ohlin theory (with some of its variants), endogenous growth theory, product cycle theory, and new trade theory were considered. This review thereof, amidst others, highlight some of the assumptions of these theories and thus present some critique of the same theories.

Keywords: Trade; Critique; Heckscher-Ohlin theory; endogenous growth theory; product cycle theory; new trade theory (search for similar items in EconPapers)
JEL-codes: F0 F00 F1 F10 (search for similar items in EconPapers)
Date: 2021-01-07
New Economics Papers: this item is included in nep-cwa, nep-gro, nep-his, nep-hpe and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:105194

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