The international product life cycle theory states that a developed country that has created a certain product/technology may eventually become a net importer of that product

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According to the international product life cycle theory, a product/technology is initially created in a developed country and exported to other countries. As the product becomes more popular and competition increases, production shifts to other countries with lower labor costs. Eventually, the initial country may become a net importer of the product as it can no longer compete on cost.

The International Product Life Cycle Theory States That a Developed