Vernon argues that early in the life cycle of a typical new product,while demand is starting to grow rapidly in the United States,demand in other advanced countries:

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Vernon went on to argue that early in the life cycle of a typical new product,while demand is growing rapidly in the United States,demand in other advanced countries is limited to high-income groups.The limited initial demand in other advanced countries does not make it worthwhile for firms in those countries to start producing the new product,but it does necessitate some exports from the United States to those countries.

Vernon Argues That Early in the Life Cycle of a Typical