I have provided a sample paper of what I need done only difference is the company needed is BP. what I need done is the following Examine New Trade Theory and Strategic Trade Policy and how they have...

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I have provided a sample paper of what I need done only difference is the company needed is BP. what I need done is the following
Examine New Trade Theory and Strategic Trade Policy and how they have been embraced by the MNC's country of origin (Chapter 7).
Answered Same DayJan 29, 2021

Answer To: I have provided a sample paper of what I need done only difference is the company needed is BP. what...

Akash answered on Feb 01 2021
130 Votes
Running Head: INTERNATIONAL ECONOMICS    1
INTERNATIONAL ECONOMICS         2
INTERNATIONAL ECONOMICS
Table of Contents
New Trade Theory    3
Strategic T
rade Policy    3
Ways in which these have been embraced by British Petroleum’s (BP) Country of Origin (UK)    4
References    5
New Trade Theory
New Trade Theory, as the name suggests, is an amended and contemporary take on the traditional theory of trade, which explains the trading processes in a country and analyzes the impacts that the connecting networks of the involved countries in trade have on the trading patterns. As defined by Cho, Min, Cho and Hwang (2018), New Trade Theory or NTT is a contemporary theory, implementing economic principles, which helps to analyze the international trading markets.
For example, NTT helped to analyze that trading of electronics, fuel, automotive and daily consumption goods such as foods are easier as well as more smoothly facilitated between the countries, which trade in these similar goods. Hence, the commonalities between both the involved countries make the trading process easier, which is known as the network effects (Yamarik, 2018). The key effect of implementing NTT is that the monopolistic markets are easily developed for such common goods.
Strategic Trade Policy
Strategic Trade Policy can be termed as the kind of policy that helps the trading countries to influence the business interactions between them and the other trading countries, so...
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