NEW FOREIGN TRADE THEORIES

A new trade theory which is suggested at the end of 1970’s is an important development in international trade area. A main facility of new trade theories have left pure competition and steady returns to scale which was a main assumption in traditional trade theories. New trade theories accepted a ma...

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Autor principal:	Aslı YILMAZ
Formato:	article
Lenguaje:	DE EN FR TR
Publicado:	Fırat University 2019
Materias:	international trade foreign trade theories traditional trade theories trade commerce economy Social Sciences H Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/b796968f8357453184066acfd4628dec
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spelling	oai:doaj.org-article:b796968f8357453184066acfd4628dec2021-11-24T09:20:53ZNEW FOREIGN TRADE THEORIES2148-416310.9761/JASSS3148https://doaj.org/article/b796968f8357453184066acfd4628dec2019-08-01T00:00:00Zhttps://jasstudies.com/index.jsp?mod=tammetin&makaleadi=1919405296_32-Asl%C4%B1%20YILMAZ.pdf&key=27657https://doaj.org/toc/2148-4163A new trade theory which is suggested at the end of 1970’s is an important development in international trade area. A main facility of new trade theories have left pure competition and steady returns to scale which was a main assumption in traditional trade theories. New trade theories accepted a main assumption of increasing returns to scale and imperfect market analysis. The main reason of calling “new” is mathematical explanation of foreign trade theories including economies of scale and imperfect market frame has made at the end of 1970’s. New trade theories bring up a lot of important questions again likewise reason of foreign trade, determination of international specialization tend, profitability of foreign trade, influence of protectionism etc. The answers which are given under the assumptions of increasing returns to scale and imperfect market give a new dimension to foreign trade theories. In this article factors in the emergence of new trade theory will be explained in chapter I and new foreign theories will be explained in chapter II. In first chapter, traditional theory deficiencies will be explained, and criticism against the assumptions of the traditional theory will be made. Factor that requires a revision of the traditional theory is expressed. In second chapter, monopolistic competition in international trade theory and its concept, assumptions, variables, and mechanism is illustrated. In continue of the article, product cycle theory, preference similarity theory, and its assumption, definition, and classification is made. Technology Gap theory and qualified labor theory are explained. The understanding of these theories is important to perceive the variation between traditional trade theory and new trade theories and this give a new perspective the literature.Aslı YILMAZFırat Universityarticleinternational tradeforeign trade theoriestraditional trade theoriestradecommerceeconomySocial SciencesHSocial sciences (General)H1-99DEENFRTRJournal of Academic Social Science Studies , Vol 8, Iss 40, Pp 509-521 (2019)
institution	DOAJ
collection	DOAJ
language	DE EN FR TR
topic	international trade foreign trade theories traditional trade theories trade commerce economy Social Sciences H Social sciences (General) H1-99
spellingShingle	international trade foreign trade theories traditional trade theories trade commerce economy Social Sciences H Social sciences (General) H1-99 Aslı YILMAZ NEW FOREIGN TRADE THEORIES
description	A new trade theory which is suggested at the end of 1970’s is an important development in international trade area. A main facility of new trade theories have left pure competition and steady returns to scale which was a main assumption in traditional trade theories. New trade theories accepted a main assumption of increasing returns to scale and imperfect market analysis. The main reason of calling “new” is mathematical explanation of foreign trade theories including economies of scale and imperfect market frame has made at the end of 1970’s. New trade theories bring up a lot of important questions again likewise reason of foreign trade, determination of international specialization tend, profitability of foreign trade, influence of protectionism etc. The answers which are given under the assumptions of increasing returns to scale and imperfect market give a new dimension to foreign trade theories. In this article factors in the emergence of new trade theory will be explained in chapter I and new foreign theories will be explained in chapter II. In first chapter, traditional theory deficiencies will be explained, and criticism against the assumptions of the traditional theory will be made. Factor that requires a revision of the traditional theory is expressed. In second chapter, monopolistic competition in international trade theory and its concept, assumptions, variables, and mechanism is illustrated. In continue of the article, product cycle theory, preference similarity theory, and its assumption, definition, and classification is made. Technology Gap theory and qualified labor theory are explained. The understanding of these theories is important to perceive the variation between traditional trade theory and new trade theories and this give a new perspective the literature.
format	article
author	Aslı YILMAZ
author_facet	Aslı YILMAZ
author_sort	Aslı YILMAZ
title	NEW FOREIGN TRADE THEORIES
title_short	NEW FOREIGN TRADE THEORIES
title_full	NEW FOREIGN TRADE THEORIES
title_fullStr	NEW FOREIGN TRADE THEORIES
title_full_unstemmed	NEW FOREIGN TRADE THEORIES
title_sort	new foreign trade theories
publisher	Fırat University
publishDate	2019
url	https://doaj.org/article/b796968f8357453184066acfd4628dec
work_keys_str_mv	AT aslıyilmaz newforeigntradetheories
_version_	1718415442385567744

NEW FOREIGN TRADE THEORIES

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