Chapter 6, Problem 7CTD

Summary Introduction

To determine: The government policies, which will develop national competitive advantage in biotechnology, the types of policies that is recommended for the government to adopt and to comment whether these policies at variance with a basic free trade philosophy.

Introduction: New trade theory enable to comprehend the reasons on nations are trade accomplices when they are exchanging comparative merchandises and services. This is particularly valid in key monetary divisions like gadgets, nourishment, and automotive.