Briefly describe the development stages of international trade theory.

International trade theory tries to explain why there is international trade and how a country should treat it. The development of international trade theory has roughly gone through four stages: classical, neoclassical, new trade theory and emerging classical international trade theory.

Classical and neoclassical international trade theories emphasize the mutual benefit of trade and mainly explain the inter-industry trade under the premise of perfect competition in the market.

After World War II, taking the new situation of global trade as an opportunity, the new trade theory came into being, which explained the new trade phenomenon from the perspectives of imperfect competition, economies of scale and technological progress.

The emerging classical international trade theory explains trade with specialized division of labor, trying to unify traditional trade theory and new trade theory within the framework of the emerging classical trade theory.

Tips: The above information is for reference only.

Reply time: 202 1-03-25. Please refer to the latest business changes announced by Ping An Bank in official website.

[I know Ping An Bank] Want to know more? Come and watch I Know Ping An Bank ~

/paim/iknow/index.html