Which of the following theories stress the role of luck, entrepreneurship, and innovation in the production and export of a good or service by the firms in a country?

Question

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New trade theory suggests that a country may predominate in the export of a good simply because it was lucky enough to have one or more firms among the first to produce that good. New trade theorists stress the role of luck, entrepreneurship, and innovation in giving a firm first-mover advantages.

Which of the Following Theories Stress the Role of Luck