According to the product life-cycle theory,the high cost of U.S.labor gave U.S.firms an incentive to:

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Vernon's theory was based on the observation that for most of the twentieth century a very large proportion of the world's new products had been developed by U.S.firms and sold first in the U.S.market.In addition,the high cost of U.S.labor gave U.S.firms an incentive to develop cost-saving process innovations.

According to the Product Life-Cycle Theory,the High Cost of U