The international product life cycle theory states that a developed country that has created a certain technology will first export the product and finally import it

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The international product life cycle theory states that a developed country will first export a new product because they have a competitive advantage in the production and marketing of that product. As the product becomes more established in the market, other countries will begin producing it and exporting it, leading to increased competition and lower profits for the original country. Eventually, the product will reach maturity and the original country will begin to import it from other countries where it is being produced more efficiently and at a lower cost.

The International Product Life Cycle Theory States That a Developed