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What is the New Trade Theory?

Ashkan Shalbaf
YouTube, 2017
Level: beginner
Topic: Globalization & International Economic Relations
Format: Lecture / Presentation
Duration: 00:04:57
Link: https://www.youtube.com/watch?v=Ex2tsUlAncg

In this video, the New Trade Theory is explained in simple. Definitions and examples are provided.

Comment from our editors:

This video is totally useful if you never heard about the New Trade Theory

Go to: What is the New Trade Theory?

Tags: Economies of scale | monopoly | new trade theory | trade
Brauchen wir angesichts der sich zuspitzenden Klimaproblematik neue ökonomische Denkweisen – jenseits der ‚unsichtbaren Hand des Marktes’ und des ‚rationalen’ Agenten – und wie sollten diese aussehen? 2020 Level: beginner Neues ökonomisches Denken für eine klimaverträgliche Handelsordnung und Wirtschaft Thomas Köller Economists for Future Global Value Chains (GVCs) started to play an increasing and key role in the global economy from the 1990s on. The market mechanism in GVCs supports industrialisation in the Global South and under certain conditions product and process upgrading. But GVCs do not lead to the catching-up of countries in the sense of them approaching real GDP per capita levels comparable with developed countries. These arguments are supported by a critical interpretation of the traditional trade theory, the New Trade Theory and specific approaches to explain GVCs, especially different governance structures and power relationships. Several case studies support these arguments. For catching-up, countries need comprehensive horizontal and vertical industrial policy and policies for social coherence. The small number of countries which managed to catch up did this in different variations. Level: beginner Global Value Chains in economic development   Institute for International Political Economy Berlin Balance of payments stability is of paramount importance for developing countries, both to secure the value of their domestic currencies as well as reliable foreign currency inflows. But how is that stability ensured and how important is the growth of exports for stability? 2020 Level: beginner Thirlwalls Law Introduction Jezri Krinsky blobMetropolis The course will teach students to analyze the goals, implementation, and outcomes of economic policy. 2018 Level: advanced Advanced Economic Policy 2 Alyssa Schneebaum Vienna University of Economics and Business

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