Essay on International Trade Theories

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CONTENTS
Introduction............................................................................................................................................................................................................ 2 Comparative advantage theory ...................................................................................................................................................................... 3 What is the comparative advantage theory .................................................................................................................................... 3 Critical evaluation...................................................................................................................................................................................... 3 The factor endowment theory ........................................................................................................................................................................ 4 What is the factor endowment theory? ............................................................................................................................................ 4 Critical eveluation...................................................................................................................................................................................... 4 The product life cycle theory ........................................................................................................................................................................... 5 what is the product life cycle theory?................................................................................................................................................ 5 Critical evaluation...................................................................................................................................................................................... 5 transaction cost theory ...................................................................................................................................................................................... 6 What is the transaction cost theory? ................................................................................................................................................. 6 Critical evaluation...................................................................................................................................................................................... 6 Conclusion ............................................................................................................................................................................................................... 7 Bibliography ........................................................................................................................................................................................................... 8 Appendix .................................................................................................................................................................................................................. 9 Appendix 1.................................................................................................................................................................................................... 9 Appendix 2..................................................................................................................................................................................................10 Appendix 3..................................................................................................................................................................................................11 Appendix
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