a en ee Pero) eo am ot NCCU Meter Ue Ca oe ae eed MCR ocean) Tea) Te otto RMN edae acy Mecca ccont Tg Sie er eco rnesAee t Re Mec Man cre e ee ent Moe CSe gcse ac) intensive products that a relatively capital abundant country should Eee oa Lem) Raymond Vernon Uo Noon rer tect Eri oie nee re Msn ae Ur Pecmey niin te ui wut nee ‘over time as the Eli Heckscher and Bertil Ohlin er ie coe Piso wate ic oiead Should specialize in the (capital intensive) Meee cr relatively labor inte ‘Overlapping Product Ranges Theory Staffan Burenstam Linder The type, complexty, and diversity of product demands of a county, | inerease as the country’s income Increases. Infemtiona rade pat teins would follow this principle, so that counties of siilar income, jet capita levels will trade most intensively having overlapping prod- uot demands, Imperfect Markets and Trade Theory Cy Gee Me Te co a Peterlee ewe Peta y y The Competitive Advantage of Nations Michael Porter ‘A nation’s competitiveness depends on the capacity of iis industry to innovate and up- grate, Companies gain competiive advantage because of pressure and challenge Companies beneft from having strong domes rivals, aogressive fome-besed supl- ‘97S, and demanding loca! customers,