THE AGE OF MERCANTILISM
CLASSICAL TRADE THEORY
FACTOR PROPORTIONS TRADE THEORY
INTERNATIONAL INVESTMENT AND PRODUCT CYCLE THEORY
THE NEW TRADE THEORY: STRATEGIC TRADE
THE THEORY OF INTERNATIONAL INVESTMENT
The global recession of 2008–2009 tested many of the theoretical principles of international trade and international economics. One such principle is that with recession comes slowed commercial and consumer spending, and slowed spending means fewer imports. The Chinese economy has enjoyed some of the largest trade surpluses in the global economy in recent years, and in the early stages ...