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According to the _________, if a given country is innovative and a generator of new products,...

According to the _________, if a given country is innovative and a generator of new products, and it starts marketing such product in poorer foreign countries, and from there it starts to FDI in such country to seize location economies, it will ultimately end up no longer manufacturing its invention, but rather importing such product it once invented from such poorer country.

Michael PorterÕs theory of competitive advantage of nations

Smith's absolute advantage theory

product life-cycle theory

Ricardo's comparative advantage theory

business   Operations-Management   
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Answer #1

1. Smith's absolute advantage theory.

According to this theory, a country should do all in their power to import their capabilities, import from other countries as well as utilize countries that produce a particular product or process for the least cost factor.

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