According to the product life cycle (PLC)theory of trade, most new products are produced in countries where wage rates are low.

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According to the product life cycle (PLC) theory of trade, most new products are initially produced in the country of their innovation, which is often a high-wage country, and then possibly later in lower-wage countries as the product matures and becomes standardized.

According to the Product Life Cycle (PLC)theory of Trade, Most