Porter's theory has been subjected to detailed empirical testing and it is proven that it accurately predicts international trade patterns.

Name: Porter's theory has been subjected to detailed empirical testing and it is proven that it accurately predicts international trade patterns.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

Porter's theory, while influential, has not been universally proven to accurately predict international trade patterns, as it is more of a framework for understanding competitive advantage rather than a predictive model.

Porter's Theory Has Been Subjected to Detailed Empirical Testing and It