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Evaluation of the Adequacy of the Trade Theories' Assumptions to Explain the Impact of NICs/Regions on International Trade

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  • Levent VURGUN
  • Furkan METİN

Abstract

International trade patterns and importance of trade regions changes in the course of time according to changing needs of humankind and entrepreneurial interest in increasing return hence looking for ways to accomplish it. Several numbers of trade theories have been developed to date to explain international trade. In this paper, classical trade theories, modern trade theory, new trade theory and a number of other contemporary approaches will be evaluated in terms of their validity and ability to explain international trade, particularly the impact of NICs on international trade.

Suggested Citation

  • Levent VURGUN & Furkan METİN, 2013. "Evaluation of the Adequacy of the Trade Theories' Assumptions to Explain the Impact of NICs/Regions on International Trade," Sosyoekonomi Journal, Sosyoekonomi Society, issue 20(20).
    • Handle: RePEc:sos:sosjrn:130207
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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