New Trade Theory and Its Implications for International Businesses - Annotated Bibliography Example

New Trade Theory and its implications for international businesses Name Institution Subject Instructor Date Part A, Topic: New Trade Theory and its implications for international businesses Models of New Trade Theory take into consideration ideas such as politics and economy, the economics of industries and strategic policies in market. A lot of the models formed on the basis of strategic market policies and imperfection in market encourages the trade policy of intervention. However the New trade theory agrees to a large extent with liberalization as much as the idea forming the link between the former trade theories and new trade theory. Ideally, policies of trade interventionist are down played even by those leading in championing for these theories on the basis political as well as economic ideologies. Part B. Search Library Catalogues 1 Advanced International Trade: Theory and Evidence by Robert C. Feenstra Feenstra, R, 2003. Advanced international trade: Theory and evidence. Princeton university press. It explores various models which are useful in looking at the implications of the new trade theory. It gives an insight on the import tariffs as well as the damping apart from that it looks at trade policies regarding political economy and trade organizations of firms internationally. It is of interest since it is research oriented and concern global market systems. 2 International Economics: Theory and policy(6th edition)  by Maurice Obstfeld Obstfeld, M., 2011. International economics: Theory and policy. New York: Prentice hall. It explores the world’s economy today as well as the concerns of the current affairs regarding trade theories. It does the analysis of the forces of the latest trade theories and also the associated challenges. It is of interest since it assists in providing a link between developments in economics and the trends in trade both internationally and locally. 3 Feenstra, C.,2003, Advanced international Trade: Theory and Evidence, Princeton: Princeton University Press It examines theories as well as policy issues regarding new trade theory and world trade organizations. It also looks at global interlink or association of economies as well as the analysis of empirical evidence with regard to the new trade theory and their implications towards the international business. It also looks into the developments of research in theoretical implications of approaches to trade. The reason for its interest is that it is made up of documents on the basis of pure quantitative as well as qualitative procedures in analyzing trade theories. 4 Miki, M., 2004. International trade. New York: oxford press. The book looks at technological model development with regard to international trade. It also talks about the role played by imperfect competition as well as economies of scale in the international market as part of the implication of the new trade theory. It is of interest because it explores options of selecting existing theories as well as procedures of analyzing theoretical data and other empirical results. Part C. Electronic Academic Databases; Global Journal of International Business Research. 1 Sorin, K., 2010. International R &D spillovers in emerging markets: The impact of trade and foreign direct investment. Journal of international trade& economic development, 19(4), pp.591-623. Its review places emphasis on global economics, the development of global economic taking into consideration the influences of the trade trends. It also expounds on theoretical issues regarding international business. 2 Francis and Taylor group., 2007. Economic history of developing nations. Journal of economic history, Vol1 (53), pp. 7-36. It plays a major role in the study as well as understanding economic behavior in the developing nations. It offers an innovative and learning forum that deeply looks into the impact of historical happenings on the development of economy. 3 Francis and Taylor group., 2010. Economic system research. Journal of international input output association, Vol14 (1), pp.12-58. It critically examines theoretical trade information as well as facts regarding trade systems, pattern as well as processes of economics, and their behavior over time and space at both local and international levels. 4 Maurseth, P., 2005. Lovely but dangerous: The impact of patent citations on patent renewal. Journal of economics of innovation and new technology. Vol 14(5), pp1-7. It is dedicated to making analysis on trade theories as well as empirical outcome with regard to innovation and technology. It forms a link between the effects of economic trade theories and empirical trade economics. 5 Horesh, N., 2001. The people or world? RMB Internationalization in Longer Historic Perspective". Economics Research International, Vol 4(3), p. 1-13. It clearly looks into the history of businesses as well as disciplines such as social sciences. It does this by way of making comparisons among theoretically trade informed nations regarding their various economies. 6 Francis and Taylor group, 2011. Global economic review. Journal of the international scholarly institute of East and West studies, Vol 40(3), pp24-78. It reviews the global economy and makes provisions of the results of economic trade research theoretically as well as empirically. It also focuses on dynamics of emerging markets especially in the economies and trades involving the East Asia. Part D. List of credible internet sources 1 https://www2.bc.edu/~anderson/PalgraveTrade.pdf 2 www.opf.slu.cz/vvr/akce/turecko/pdf/Taner.pdf 3 www.studyabroad-cis.com/APPLICATIONS/UIBE%20electives.pdf 4 www.utas.edu.au/mgmt/.../y11s01/BMA774%20Unit%20Outline.pdf 5 www.american.edu/washingtonsemester/intlbusiness/.../syllabus1.pdf 6 www.martsolf.com/CSUH/4670/.../MGMT4670Hmwk2d2.html Part E. Statistics and secondary data used to illustrate your argument. The data would be obtained from reliable academic sources and journals. The data obtained would be represented in form of tables, bar graphs and charts. For instance, the shareholders is believed to have dropped from 30 -19 % from 1980-2001 respectively. Use of tables Export 1980 2001 World high tech expo 30% 17% Scientific papers 45% 35% Chemical abstracts 73% 40% Essay plan This research would focus on the imperfections in the market as well as new economic strategic policies used in the justification of protection have been supported by various other imperfections in the market. They are among others imperfections in the information systems as well as imperfections regarding recent developments in the microeconomic sector. The new trade theory trade theory also revolves around the new economics of industries with models taking into account the behavioral strategies, firms, the governing body as well as the agents. This constitutes the system of the theory and the rules governing it, temporary optimization as well as matters to do with time limit especially when it comes to laws and regulations governing the private sectors involved. What is targeted? Asymmetries of information as well as changes in costs are handled with the help of models which take into consideration appropriate technology for a certain duration. The new trade theory is able to provide answers that are both reliable and also accurate, therefore quite a number of people with focus on economics have been able to conclude that it is indeed a useful necessity when it comes to trading that is liberal. However, there has been misconception by a greater proportion of the population with regard to the accuracy of the new trade theory as well as its implications. This has been ably averted courtesy of the answers provided by a number of economists and actual facts regarding their understanding as well as position on the new trade theory and how this affects liberal trade. This is evidently demonstrated when references are made to the empirical results as well as findings developed by other economic researchers. Logic however demands that economists make conclusions on the basis of comparison of the advantages of the new trade theory and of variability prices among economies of various countries with regard to the system as well as structure of the new trade theory. An example is that of making comparison between the prices of a particular product in terms of different product. This is due to the local market standards and situations and then also looking at the performance of the same products relatively on the international and foreign market economies. It goes without saying that nations whose products sell at price that is relatively cheaper have an advantage comparatively. Trading equilibrium It is of importance to take note of the emphasis on various price trends, which in a number of instances appears to o other forces which bring about discrepancies among countries with regard to the extent of trading carried out and the equilibrium of trade thereby inexistence. Incomplete equilibrium situation assumes the price factor as offered without imposing the foreign or international budget obstacles or requirements regarding importation and exportation. Comparisons made on the basis of varying advantages among various countries are stated and displayed using external features. There are differences in workforce with regard to consideration of the international markets. This happens for different goods and products since they all have varying requirements. The new theory of is important and simple when it is compared to empirical evidence. Countries with abundance of capital as well as a higher productivity work force have as well the advantage of integrating into the trading system. When it comes to models of behavioral strategies, different results are obtained with regard to various styles as well as different assumptions made. A wide variety of assumptions regarding the types of competition as well as oligopolistic nature are taken into consideration. Therefore both policies on industrial strategies as well as tariffs are a requirement going by the imperfect competition both locally and internationally and outside the structure of the market. Consideration is also taken of the heterogeneity when it comes to market costs and the roles they play in trade laws and regulations that affect the product distribution through to various companies as well as various countries. The Model that is vertically integrated adversely affects the Considerations of private incorporate. Trade models also constitute requirements of the policies laws and regulations are used to allocate and the system of problem solving and also the issues regarding the extent of protection of cost and benefits. The importance of the new models of trade to third world countries has been discussed while at the same time a number of models that are strategic and having players who are oligopolistic and who are dominant in the international market may be considered to be of low or no significance when it comes to income generation. Discussion for intervention founded on the basis of competition that is imperfect and as well as economies of scale are widely distributed though out the countries that are still developing therefore making the trade theories very useful to them. Empirical evidence clearly shows that where there are a lot of cases competition that is imperfect even though evidence concerning the economies of scale is much more restricted. Since there is a clear evidence concerning models whose strategies are based on behavior, there exists a diversity of factors as well as assumptions of a wide range. However, they all have got a common outcome which has got a lot to do with strategic policies of trade. They are also complimented through the existence of different other types of policies which assume various forms. In conclusion there should be presumably situations only where emergencies involving free trade are considered to be optimal when it comes to the analysis of imperfections revolving around the market situation and, in addition to that, the more the increase in markets that are imperfect the more the tools as well as other requirements will be needed when it comes to dealing with them. Further, given the fact that there exists a wide range of the models, it also true to say that improvements factored into the system of trade will be required to be selective of a given specific sector or country depending on the ability of market involved. Read More